Wolverine Asset Management LLC Acquires 14,773 Shares of Mexico Equity & Income Fund Inc. (NYSE:MXE)

Wolverine Asset Management LLC raised its holdings in shares of Mexico Equity & Income Fund Inc. (NYSE:MXE) by 513.3% in the 4th quarter, Holdings Channel reports. The firm owned 17,651 shares of the investment management company’s stock after purchasing an additional 14,773 shares during the quarter. Wolverine Asset Management LLC’s holdings in Mexico Equity & Income Fund were worth $142,000 at the end of the most recent quarter.

Mexico Equity & Income Fund Trading Down 1.0 %

NYSE:MXE opened at $8.83 on Tuesday. Mexico Equity & Income Fund Inc. has a twelve month low of $7.96 and a twelve month high of $11.63. The stock has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $8.75.

Mexico Equity & Income Fund Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2981 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 3.5%.

Mexico Equity & Income Fund Company Profile

Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.