Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-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 trading hands.
Mexico Equity and Income Fund Price Performance
The company has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $13.25.
Hedge Funds Weigh In On Mexico Equity and Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in MXE. City of London Investment Management Co. Ltd. lifted its stake in shares of Mexico Equity and Income Fund by 1.0% in the third 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 purchasing an additional 11,914 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in 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 Mexico Equity and Income Fund during the second quarter worth about $78,000.
About Mexico Equity and Income Fund
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.
Recommended Stories
- Five stocks we like better than Mexico Equity and Income Fund
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Mexico Equity and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Equity and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
