Mexico Equity & Income Fund Inc. (NYSE:MXE – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.10 and traded as low as $9.95. Mexico Equity & Income Fund shares last traded at $9.95, with a volume of 2,965 shares trading hands.
Mexico Equity & Income Fund Price Performance
The stock has a 50-day moving average price of $10.27 and a 200-day moving average price of $10.10.
Institutional Trading of Mexico Equity & Income Fund
A number of hedge funds have recently made changes to their positions in MXE. Susquehanna International Group LLP acquired a new stake in Mexico Equity & Income Fund during the 4th quarter worth approximately $148,000. Lazard Asset Management LLC lifted its holdings in Mexico Equity & Income Fund by 36.9% during the 1st quarter. Lazard Asset Management LLC now owns 26,196 shares of the investment management company’s stock worth $239,000 after purchasing an additional 7,060 shares during the last quarter. Atlas Wealth LLC acquired a new stake in Mexico Equity & Income Fund during the 4th quarter worth approximately $268,000. Wolverine Asset Management LLC lifted its holdings in Mexico Equity & Income Fund by 17.4% during the 1st quarter. Wolverine Asset Management LLC now owns 44,608 shares of the investment management company’s stock worth $449,000 after purchasing an additional 6,626 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in Mexico Equity & Income Fund by 13.0% during the 1st quarter. Shaker Financial Services LLC now owns 88,775 shares of the investment management company’s stock worth $894,000 after purchasing an additional 10,233 shares during the last quarter.
About Mexico Equity & Income Fund
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.
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