Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.34 and traded as low as $13.33. Mexico Equity and Income Fund shares last traded at $13.4650, with a volume of 2,145 shares traded.
Mexico Equity and Income Fund Stock Down 0.5%
The business has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $13.34.
Hedge Funds Weigh In On Mexico Equity and Income Fund
Several institutional investors and hedge funds have recently modified their holdings of MXE. Winmill & CO. Inc. bought a new position in Mexico Equity and Income Fund in the second quarter valued at approximately $78,000. Lazard Asset Management LLC increased its position in shares of Mexico Equity and Income Fund by 12.4% during the fourth quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock worth $368,000 after acquiring an additional 3,283 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Mexico Equity and Income Fund by 5.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock worth $846,000 after acquiring an additional 3,420 shares in the last quarter.
About Mexico Equity and Income Fund
Mexico Equity and Income Fund, Inc (NYSE: MXE) is a closed-end management investment company that provides investors with access to Mexican securities. Established in December 1982, the Fund is designed to deliver both long-term capital appreciation and dividend income by investing primarily in equity and equity-related instruments of Mexican companies.
The Fund’s core strategy centers on broad exposure to the Mexican equity market, with an emphasis on companies listed on the Mexican Stock Exchange and other regulated venues.
Recommended Stories
- Five stocks we like better than Mexico Equity and Income Fund
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Mexico Equity and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Equity and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
