Mexico Equity & Income Fund (NYSE:MXE) Shares Pass Below 200-Day Moving Average of $10.89

Mexico Equity & Income Fund Inc. (NYSE:MXE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.89 and traded as low as $9.58. Mexico Equity & Income Fund shares last traded at $9.58, with a volume of 2,973 shares changing hands.

Mexico Equity & Income Fund Stock Performance

The business has a 50-day moving average of $10.38 and a two-hundred day moving average of $10.89.

Institutional Trading of Mexico Equity & Income Fund

A hedge fund recently raised its stake in Mexico Equity & Income Fund stock. Blue Bell Private Wealth Management LLC raised its position in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,623 shares of the investment management company’s stock after acquiring an additional 1,102 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Mexico Equity & Income Fund were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

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.