Mexico Equity and Income Fund (NYSE:MXE) Stock Passes Above 200 Day Moving Average – Here’s Why

Mexico Equity and Income Fund, Inc. (NYSE:MXE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.31 and traded as high as $13.89. Mexico Equity and Income Fund shares last traded at $13.6240, with a volume of 10,475 shares changing hands.

Mexico Equity and Income Fund Price Performance

The business’s 50-day moving average price is $13.24 and its 200-day moving average price is $13.31.

Institutional Investors Weigh In On Mexico Equity and Income Fund

A number of large investors have recently modified their holdings of MXE. Winmill & CO. Inc. acquired a new position in Mexico Equity and Income Fund during the 2nd quarter valued at approximately $78,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of 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 period. Finally, Lazard Asset Management LLC lifted its stake in shares of Mexico Equity and Income Fund by 12.4% during the fourth 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.