Mexico Equity and Income Fund (NYSE:MXE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Mexico Equity and Income Fund, Inc. (NYSE:MXE) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.40 and traded as low as $13.10. Mexico Equity and Income Fund shares last traded at $13.0980, with a volume of 626 shares traded.

Mexico Equity and Income Fund Trading Down 0.1%

The firm’s 50-day simple moving average is $13.39 and its 200 day simple moving average is $13.25.

Institutional Investors Weigh In On Mexico Equity and Income Fund

A number of institutional investors have recently made changes to their positions in MXE. City of London Investment Management Co. Ltd. increased its holdings in Mexico Equity and Income Fund by 13.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 940,560 shares of the investment management company’s stock valued at $11,164,000 after purchasing an additional 112,537 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Mexico Equity and Income Fund by 5.3% during 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 buying an additional 3,420 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position 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 worth $368,000 after buying an additional 3,283 shares during the period.

About Mexico Equity and Income Fund

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.