Mexico Equity and Income Fund Inc (NYSE:MXE)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.69 and traded as low as $7.66. Mexico Equity and Income Fund shares last traded at $7.72, with a volume of 7,604 shares trading hands.
The company’s fifty day simple moving average is $7.81 and its two-hundred day simple moving average is $8.69.
An institutional investor recently raised its position in Mexico Equity and Income Fund stock. UBS Group AG increased its stake in Mexico Equity and Income Fund Inc (NYSE:MXE) by 87.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,674 shares of the investment management company’s stock after acquiring an additional 1,250 shares during the period. UBS Group AG owned approximately 0.05% of Mexico Equity and Income Fund worth $31,000 as of its most recent SEC filing. 0.27% of the stock is owned by institutional investors.
Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.
Further Reading: Sell-Side Analysts
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