MEXICO EQUITY & (NYSE:MXE) major shareholder City Of London Investment Grou bought 4,908 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $10.65 per share, with a total value of $52,270.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, November 24th, City Of London Investment Grou acquired 4,800 shares of MEXICO EQUITY & stock. The shares were bought at an average cost of $10.65 per share, with a total value of $51,120.00.
  • On Thursday, October 12th, City Of London Investment Grou sold 7,726 shares of MEXICO EQUITY & stock. The stock was sold at an average price of $11.20, for a total transaction of $86,531.20.

MEXICO EQUITY & (MXE) traded down $0.12 during mid-day trading on Thursday, reaching $10.57. 9,104 shares of the company’s stock were exchanged, compared to its average volume of 10,092. MEXICO EQUITY & has a 1 year low of $8.69 and a 1 year high of $12.22.

Hedge funds have recently added to or reduced their stakes in the business. Gramercy Funds Management LLC bought a new position in MEXICO EQUITY & during the third quarter worth $342,000. Deschutes Portfolio Strategy LLC boosted its position in MEXICO EQUITY & by 20.0% during the second quarter. Deschutes Portfolio Strategy LLC now owns 83,416 shares of the investment management company’s stock worth $953,000 after purchasing an additional 13,920 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in MEXICO EQUITY & during the third quarter worth $147,000. 50.98% of the stock is owned by hedge funds and other institutional investors.

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MEXICO EQUITY & Company Profile

The Mexico Equity and Income Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. 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.

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