November 17, 2016 - By Richard Conner · 0 Comments
Mexico Equity & Income Fund Inc (NYSE:MXE) institutional sentiment decreased to 0.3 in Q2 2016. Its down -1.13, from 1.43 in 2016Q1. The ratio is negative, as 3 investment professionals increased and started new positions, while 10 cut down and sold positions in Mexico Equity & Income Fund Inc. The investment professionals in our partner’s database now own: 4.04 million shares, up from 4.04 million shares in 2016Q1. Also, the number of investment professionals holding Mexico Equity & Income Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 3 New Position: 0.
The Mexico Equity and Income Fund, Inc. is a closed-end, non-diversified management investment company. The company has a market cap of $68.36 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 10,317 shares traded hands. Mexico Equity and Income Fund (NYSE:MXE) has declined 16.49% since April 15, 2016 and is downtrending. It has underperformed by 21.11% the S&P500.
City Of London Investment Management Co Ltd holds 2.31% of its portfolio in Mexico Equity and Income Fund for 2.65 million shares. Gramercy Funds Management Llc owns 244,247 shares or 1.12% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.26% invested in the company for 349,302 shares. The New Hampshire-based Lumbard & Kellner Llc has invested 0.15% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 22,466 shares.#img1#
The Mexico Equity and Income Fund, Inc. (the Fund), incorporated on May 24, 1990, is a closed-end, non-diversified management investment company. The Fundâ€™s portfolio of investments includes infrastructure, media, mining, real estate development, retailing, airlines, cement, communications, industrial conglomerates, housing, and food, beverage, and tobacco.
More notable recent Mexico Equity and Income Fund (NYSE:MXE) news were published by: Businesswire.com which released: “The Mexico Equity and Income Fund, Inc. Announces Dividend and Results of the …” on December 18, 2015, also Marketwatch.com with their article: “Opinion: Mexico is now a ‘screaming buy’ for investors, thanks to Donald Trump” published on November 16, 2016, Bloomberg.com published: “The Sunny Side of Trump” on November 17, 2016. More interesting news about Mexico Equity and Income Fund (NYSE:MXE) were released by: Forbes.com and their article: “Republican Donald Trump Is Elected President Of United States And Global …” published on November 09, 2016 as well as Finance.Yahoo.com‘s news article titled: “The Zacks Analyst Blog Highlights: BioShares Biotechnology Clinical Trials …” with publication date: November 17, 2016.
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By Richard Conner