Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.15 and traded as high as $13.55. Mexico Equity and Income Fund shares last traded at $13.6540, with a volume of 585 shares trading hands.
Mexico Equity and Income Fund Price Performance
The business has a 50 day simple moving average of $13.53 and a 200 day simple moving average of $13.15.
Institutional Investors Weigh In On Mexico Equity and Income Fund
Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in Mexico Equity and Income Fund by 12.4% in the fourth quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock worth $368,000 after buying an additional 3,283 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Mexico Equity and Income Fund by 5.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 68,376 shares of the investment management company’s stock valued at $846,000 after acquiring an additional 3,420 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its stake in Mexico Equity and Income Fund by 13.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock valued at $11,164,000 after acquiring an additional 112,537 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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