Mexico Equity & Income Fund (NYSE:MXE) Stock Price Passes Below 200-Day Moving Average of $10.23

Mexico Equity & Income Fund Inc. (NYSE:MXE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.23 and traded as low as $8.93. Mexico Equity & Income Fund shares last traded at $9.08, with a volume of 10,887 shares changing hands.

Mexico Equity & Income Fund Stock Performance

The company’s 50-day moving average price is $9.34 and its 200-day moving average price is $10.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC lifted its stake in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 117.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,620 shares of the investment management company’s stock after buying an additional 11,149 shares during the period. Wolverine Asset Management LLC’s holdings in Mexico Equity & Income Fund were worth $198,000 at the end of the most recent quarter.

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.