Mexico Equity & Income Fund (NYSE:MXE) Shares Cross Below 200-Day Moving Average – Time to Sell?

Mexico Equity & Income Fund Inc. (NYSE:MXE)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.05 and traded as low as $8.04. Mexico Equity & Income Fund shares last traded at $8.18, with a volume of 1,228 shares.

Mexico Equity & Income Fund Stock Down 1.0 %

The business’s fifty day moving average is $8.53 and its 200 day moving average is $9.04.

Mexico Equity & Income Fund Cuts Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2981 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 3.5%.

Hedge Funds Weigh In On Mexico Equity & Income Fund

An institutional investor recently raised its position in Mexico Equity & Income Fund stock. Wolverine Asset Management LLC boosted its position in Mexico Equity & Income Fund Inc. (NYSE:MXE) by 117.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.