Mexico Equity and Income Fund (NYSE:MXE) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Mexico Equity and Income Fund, Inc. (NYSE:MXE) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Mexico Equity and Income Fund Stock Down 0.5%

The business’s fifty day moving average price is $13.28 and its 200 day moving average price is $13.29.

Institutional Trading of Mexico Equity and Income Fund

An institutional investor recently raised its stake in Mexico Equity and Income Fund stock. Lazard Asset Management LLC lifted its position in shares of Mexico Equity and Income Fund, Inc. (NYSE:MXE) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,695 shares of the investment management company’s stock after acquiring an additional 3,283 shares during the quarter. Lazard Asset Management LLC owned approximately 0.67% of Mexico Equity and Income Fund worth $368,000 at the end of the most recent reporting 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.