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

June 20, 2017 - By Winifred Garcia

 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 Q4 2016. Its up 0.17, from 0.71 in 2016Q3. The ratio increased, as 7 investment professionals started new and increased holdings, while 8 trimmed and sold stakes 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 holdings 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 $83.55 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.

It closed at $11.33 lastly. It is down 0.36% since June 20, 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 insider buy, and 0 sales for $1,105 activity.

More important recent Mexico Equity and Income Fund (NYSE:MXE) news were published by: Cnbc.com which released: “Equity fund flows surge as bond and EM funds bleed in the week following Trump …” on November 18, 2016, also Bloomberg.com published article titled: “Top Mexico Stock-Picker Says Country’s Benchmark Gauge Expensive”, Seekingalpha.com published: “Saba Capital’s Fund Of Funds: A Fresh Look At This New Player In Closed-End Funds” on April 19, 2017. More interesting news about Mexico Equity and Income Fund (NYSE:MXE) was released by: Seekingalpha.com and their article: “Estimating Activist Ownership In CEFs Targeted By London” with publication date: May 04, 2017.

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