Mexico Equity & Income Fund Inc (NYSE:MXE) Sentiment Report

September 18, 2017 - By Vivian Park

 Mexico Equity & Income Fund Inc (NYSE:MXE) Sentiment Report

Sentiment for Mexico Equity & Income Fund Inc (NYSE:MXE)

Mexico Equity & Income Fund Inc (NYSE:MXE) institutional sentiment increased to 0.88 in 2016 Q4. Its up 0.17, from 0.71 in 2016Q3. The ratio is positive, as 7 investment professionals increased or opened new stock positions, while 8 sold and reduced stock positions in Mexico Equity & Income Fund Inc. The investment professionals in our partner’s database now own: 4.05 million shares, up from 3.99 million shares in 2016Q3. Also, the number of investment professionals holding Mexico Equity & Income Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 7 Increased: 5 New Position: 2.

The Mexico Equity and Income Fund, Inc. is a closed-end, non-diversified management investment company. The company has market cap of $87.39 million. The Fund’s investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers. It currently has negative earnings. The Fund maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange.

About 6,145 shares traded or 34.41% up from the average. Mexico Equity and Income Fund (NYSE:MXE) has declined 0.36% since September 18, 2016 and is downtrending. It has underperformed by 17.06% the S&P500.

City Of London Investment Management Co Ltd holds 2.14% of its portfolio in Mexico Equity and Income Fund for 2.91 million shares. Gramercy Funds Management Llc owns 130,315 shares or 0.61% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.21% invested in the company for 336,227 shares. The New Hampshire-based Lumbard & Kellner Llc has invested 0.11% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 25,117 shares.#img1#

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $1,105 activity.

More recent Mexico Equity and Income Fund (NYSE:MXE) news were published by: which released: “3 Top Mexico ETFs” on August 02, 2017. Also published the news titled: “Why You Can’t Just Buy PIMCO: CEF Weekly Update” on September 04, 2017.‘s news article titled: “Equity Bargains In Closed-End Funds: CEF Weekly Update” with publication date: August 21, 2017 was also an interesting one.

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