Mexico Equity and Income Fund (NYSE:MXE) Stock Passes Above 50-Day Moving Average – Time to Sell?

Mexico Equity and Income Fund, Inc. (NYSE:MXE)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.28 and traded as high as $13.30. Mexico Equity and Income Fund shares last traded at $13.1550, with a volume of 2,979 shares trading hands.

Mexico Equity and Income Fund Stock Performance

The stock has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.29.

Hedge Funds Weigh In On Mexico Equity and Income Fund

An institutional investor recently raised its position in Mexico Equity and Income Fund stock. Lazard Asset Management LLC grew its holdings in shares of Mexico Equity and Income Fund, Inc. (NYSE:MXE) by 12.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,695 shares of the investment management company’s stock after acquiring an additional 3,283 shares during the period. Lazard Asset Management LLC owned about 0.67% of Mexico Equity and Income Fund worth $368,000 as of its most recent SEC filing.

Mexico Equity and Income Fund Company Profile

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.