Mexico Equity & Income Fund (NYSE:MXE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Mexico Equity & Income Fund Inc. (NYSE:MXE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.71 and traded as high as $9.79. Mexico Equity & Income Fund shares last traded at $9.79, with a volume of 182 shares.

Mexico Equity & Income Fund Stock Down 0.5%

The business’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.71.

Hedge Funds Weigh In On Mexico Equity & Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its holdings in Mexico Equity & Income Fund by 4.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 64,471 shares of the investment management company’s stock valued at $518,000 after purchasing an additional 2,748 shares during the last quarter. Shaker Financial Services LLC grew its holdings in Mexico Equity & Income Fund by 6.4% during the 4th quarter. Shaker Financial Services LLC now owns 82,712 shares of the investment management company’s stock valued at $664,000 after purchasing an additional 4,954 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Mexico Equity & Income Fund by 60.4% during the 1st quarter. Wolverine Asset Management LLC now owns 28,319 shares of the investment management company’s stock valued at $247,000 after purchasing an additional 10,668 shares during the last quarter. Ancora Advisors LLC bought a new position in Mexico Equity & Income Fund during the 4th quarter valued at about $96,000. Finally, City of London Investment Management Co. Ltd. grew its holdings in Mexico Equity & Income Fund by 28.8% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 623,868 shares of the investment management company’s stock valued at $5,440,000 after purchasing an additional 139,476 shares during the last quarter.

Mexico Equity & Income Fund Company Profile

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.