Insider Selling: Mexico Equity and Income Fund Inc (MXE) Major Shareholder Sells 17,500 Shares of Stock

Mexico Equity and Income Fund Inc (NYSE:MXE) major shareholder City Of London Investment Grou sold 17,500 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $12.21, for a total transaction of $213,675.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

MXE stock traded up $0.26 during trading on Friday, reaching $11.95. The company had a trading volume of 200 shares, compared to its average volume of 11,414. Mexico Equity and Income Fund Inc has a 52 week low of $9.50 and a 52 week high of $13.05.

A hedge fund recently raised its stake in Mexico Equity and Income Fund stock. City of London Investment Management Co. Ltd. increased its stake in Mexico Equity and Income Fund Inc (NYSE:MXE) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,974,784 shares of the investment management company’s stock after buying an additional 26,126 shares during the period. Mexico Equity and Income Fund accounts for 2.2% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 15th largest position. City of London Investment Management Co. Ltd. owned approximately 40.53% of Mexico Equity and Income Fund worth $32,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 54.81% of the stock is owned by hedge funds and other institutional investors.

About Mexico Equity and Income Fund

There is no company description available for Mexico Equity & Income Fund.

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Insider Buying and Selling by Quarter for Mexico Equity and Income Fund (NYSE:MXE)

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