Mexico Equity & Income Fund (NYSE:MXE) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.67 and traded as low as $8.27. Mexico Equity & Income Fund shares last traded at $8.21, with a volume of 1,626 shares.

Mexico Equity & Income Fund Trading Down 0.7 %

The firm has a fifty day moving average price of $8.74 and a 200 day moving average price of $8.67.

Institutional Investors Weigh In On Mexico Equity & Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC increased its holdings in shares of Mexico Equity & Income Fund by 513.3% during the fourth quarter. Wolverine Asset Management LLC now owns 17,651 shares of the investment management company’s stock valued at $142,000 after acquiring an additional 14,773 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position 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 worth $518,000 after purchasing an additional 2,748 shares during the last quarter. Shaker Financial Services LLC increased its stake 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 in the last quarter. Finally, Ancora Advisors LLC acquired a new position in Mexico Equity & Income Fund during the 4th quarter valued at approximately $96,000.

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.