Mexico Equity and Income Fund (NYSE:MXE) Share Price Breaks Above 200-Day Moving Average – Here’s What Happened

Mexico Equity and Income Fund, Inc. (NYSE:MXE) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $13.25 and traded as high as $13.47. Mexico Equity and Income Fund shares last traded at $13.4260, with a volume of 4,535 shares changing hands.

Mexico Equity and Income Fund Price Performance

The business has a fifty day moving average of $12.94 and a 200 day moving average of $13.25.

Institutional Investors Weigh In On Mexico Equity and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. City of London Investment Management Co. Ltd. boosted its holdings in Mexico Equity and Income Fund by 1.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,251,701 shares of the investment management company’s stock valued at $15,633,000 after acquiring an additional 11,914 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Equity and Income Fund by 4.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 74,312 shares of the investment management company’s stock worth $928,000 after buying an additional 3,394 shares in the last quarter. Finally, Winmill & CO. Inc. purchased a new stake in shares of Mexico Equity and Income Fund in the 2nd quarter valued at approximately $78,000.

Mexico Equity and Income Fund Company Profile

Mexico Equity and Income Fund, Inc. (NYSE:MXE) is a closed-end investment company that seeks to provide investors with current income and long-term capital appreciation. The fund invests primarily in securities of Mexican companies and other issuers with significant business or economic ties to Mexico. Its portfolio may include Mexican common stocks, preferred stocks, and income-producing securities such as corporate and government debt. The fund may also gain exposure to Mexican companies through securities traded on U.S. exchanges, including American depositary receipts, as well as through locally listed investments.