City of London Investment Management Co. Ltd. Boosts Stake in Mexico Equity and Income Fund, Inc. $MXE

City of London Investment Management Co. Ltd. boosted its holdings in Mexico Equity and Income Fund, Inc. (NYSE:MXE) by 32.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 828,023 shares of the investment management company’s stock after acquiring an additional 204,155 shares during the quarter. Mexico Equity and Income Fund accounts for about 0.8% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 23rd largest position. City of London Investment Management Co. Ltd. owned 0.19% of Mexico Equity and Income Fund worth $8,669,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC grew its holdings in shares of Mexico Equity and Income Fund by 60.4% during the first quarter. Wolverine Asset Management LLC now owns 28,319 shares of the investment management company’s stock worth $247,000 after purchasing an additional 10,668 shares in the last quarter.

Mexico Equity and Income Fund Stock Performance

MXE stock opened at $11.75 on Friday. The company’s 50 day moving average is $11.65 and its 200 day moving average is $10.86. Mexico Equity and Income Fund, Inc. has a 1-year low of $7.96 and a 1-year high of $11.99.

Mexico Equity and 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.