Mexico Equity and Income Fund (NYSE:MXE) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

by · The Markets Daily

Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report)’s stock price 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 changing hands.

Mexico Equity and Income Fund Stock Up 0.8%

The business has a fifty day moving average price of $13.53 and a two-hundred day moving average price of $13.15.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MXE. Lazard Asset Management LLC boosted its stake in shares of Mexico Equity and Income Fund by 12.4% during the 4th quarter. Lazard Asset Management LLC now owns 29,695 shares of the investment management company’s stock valued at $368,000 after buying an additional 3,283 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of 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 worth $846,000 after acquiring an additional 3,420 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its holdings in shares of Mexico Equity and Income Fund by 13.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock worth $11,164,000 after acquiring an additional 112,537 shares in the last quarter.

Mexico Equity and Income Fund Company Profile

(Get Free Report)

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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