Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.31 and traded as high as $13.89. Mexico Equity and Income Fund shares last traded at $13.6240, with a volume of 10,475 shares changing hands.
Mexico Equity and Income Fund Price Performance
The stock’s 50-day moving average price is $13.25 and its two-hundred day moving average price is $13.31.
Institutional Investors Weigh In On Mexico Equity and Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of MXE. Lazard Asset Management LLC lifted its holdings 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 valued at $368,000 after purchasing an additional 3,283 shares during the last quarter. Winmill & CO. Inc. purchased a new stake in shares of Mexico Equity and Income Fund in the 2nd quarter worth approximately $78,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Mexico Equity and Income Fund by 5.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock worth $846,000 after buying an additional 3,420 shares during 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.
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