Mexico Equity and Income Fund Inc (NYSE:MXE)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $9.43 and last traded at $9.55, with a volume of 200 shares traded. The stock had previously closed at $9.74.
In related news, major shareholder City Of London Investment Grou sold 17,500 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $12.21, for a total transaction of $213,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 47.61% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in Mexico Equity and Income Fund by 134.9% in the 3rd quarter. Morgan Stanley now owns 11,411 shares of the investment management company’s stock valued at $140,000 after acquiring an additional 6,554 shares in the last quarter. Bulldog Investors LLC acquired a new stake in Mexico Equity and Income Fund in the 3rd quarter valued at about $852,000. Finally, Rivernorth Capital Management LLC increased its position in Mexico Equity and Income Fund by 4.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 195,396 shares of the investment management company’s stock valued at $2,399,000 after acquiring an additional 8,128 shares in the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.
Mexico Equity and Income Fund Company Profile (NYSE:MXE)
There is no company description available for Mexico Equity & Income Fund.
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