Mexico Equity & Income Fund (NYSE:MXE) Shares Pass Below Two Hundred Day Moving Average of $8.56

Mexico Equity & Income Fund Inc. (NYSE:MXEGet Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.56 and traded as low as $7.83. Mexico Equity & Income Fund shares last traded at $7.91, with a volume of 41,760 shares.

Mexico Equity & Income Fund Trading Down 0.8 %

The stock’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $8.55.

Institutional Investors Weigh In On Mexico Equity & Income Fund

Several large investors have recently modified their holdings of the stock. Landscape Capital Management L.L.C. acquired a new stake in Mexico Equity & Income Fund in the fourth quarter valued at $142,000. Matisse Capital purchased a new position in shares of Mexico Equity & Income Fund in the fourth quarter valued at $212,000. Yakira Capital Management Inc. bought a new position in Mexico Equity & Income Fund during the 4th quarter valued at $173,000. Lazard Asset Management LLC boosted its stake in Mexico Equity & Income Fund by 100.0% during the 4th quarter. Lazard Asset Management LLC now owns 19,136 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 9,568 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Mexico Equity & Income Fund by 87.8% during the fourth quarter. Wolverine Asset Management LLC now owns 41,787 shares of the investment management company’s stock worth $372,000 after purchasing an additional 19,541 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

About Mexico Equity & Income Fund

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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

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