Mexico Equity & Income Fund (NYSE:MXE) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Mexico Equity & Income Fund Inc. (NYSE:MXEGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.76 and traded as low as $8.86. Mexico Equity & Income Fund shares last traded at $8.91, with a volume of 1,901 shares changing hands.

Mexico Equity & Income Fund Price Performance

The firm has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $9.73.

Institutional Trading of Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Matisse Capital lifted its position in Mexico Equity & Income Fund Inc. (NYSE:MXEFree Report) by 28.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,000 shares of the investment management company’s stock after acquiring an additional 52,788 shares during the period. Mexico Equity & Income Fund accounts for 1.1% of Matisse Capital’s holdings, making the stock its 22nd largest position. Matisse Capital’s holdings in Mexico Equity & Income Fund were worth $2,266,000 at the end of the most recent quarter.

Mexico Equity & Income Fund Company Profile

(Get Free Report)

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.

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