Mexico Equity & Income Fund (NYSE:MXE) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Mexico Equity & Income Fund Inc. (NYSE:MXEGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.15 and traded as low as $8.60. Mexico Equity & Income Fund shares last traded at $8.62, with a volume of 3,896 shares.

Mexico Equity & Income Fund Stock Up 1.8 %

The business has a 50 day moving average price of $8.71 and a two-hundred day moving average price of $9.15.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.2981 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a yield of 3.5%.

Institutional Investors Weigh In On Mexico Equity & Income Fund

A hedge fund recently raised its stake in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC grew its holdings in shares of Mexico Equity & Income Fund Inc. (NYSE:MXEFree Report) by 117.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,620 shares of the investment management company’s stock after purchasing an additional 11,149 shares during the quarter. Wolverine Asset Management LLC’s holdings in Mexico Equity & Income Fund were worth $198,000 at the end of the most recent reporting period.

About Mexico Equity & Income Fund

(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.

Featured Articles

Receive News & Ratings for Mexico Equity & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Equity & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.