Mexico Equity and Income Fund (NYSE:MXE) Share Price Passes Below 200 Day Moving Average – What’s Next?

Mexico Equity and Income Fund, Inc. (NYSE:MXE) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.32 and traded as low as $13.03. Mexico Equity and Income Fund shares last traded at $12.9510, with a volume of 1,084 shares changing hands.

Mexico Equity and Income Fund Stock Performance

The business has a 50-day moving average price of $13.23 and a 200-day moving average price of $13.32.

Institutional Investors Weigh In On 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 Mexico Equity and Income Fund, Inc. (NYSE:MXE) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,695 shares of the investment management company’s stock after acquiring an additional 3,283 shares during the period. Lazard Asset Management LLC owned 0.67% of Mexico Equity and Income Fund worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.