City of London Investment Management Co. Ltd. Buys 112,537 Shares of Mexico Equity and Income Fund, Inc. $MXE

City of London Investment Management Co. Ltd. lifted its stake in Mexico Equity and Income Fund, Inc. (NYSE:MXE - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 940,560 shares of the investment management company's stock after buying an additional 112,537 shares during the period. Mexico Equity and Income Fund comprises 0.8% of City of London Investment Management Co. Ltd.'s portfolio, making the stock its 28th biggest holding. City of London Investment Management Co. Ltd. owned approximately 21.38% of Mexico Equity and Income Fund worth $11,164,000 as of its most recent filing with the SEC.Mexico Equity and Income Fund Stock PerformanceShares of MXE opened at $12.40 on Friday. Mexico Equity and Income Fund, Inc. has a 12-month low of $8.26 and a 12-month high of $14.30. The stock's 50-day moving average price is $13.33 and its 200 day moving average price is $12.33. Mexico Equity and Income Fund Company Profile (Free Report)Mexico Equity and Income Fund, Inc NYSE: MXE is a closed-end management investment company that provides investors with access to Mexican securities. Established in December 1982, the Fund is designed to deliver both long-term capital appreciation and dividend income by investing primarily in equity and equity-related instruments of Mexican companies. The Fund's core strategy centers on broad exposure to the Mexican equity market, with an emphasis on companies listed on the Mexican Stock Exchange and other regulated venues.See AlsoFive stocks we like better than Mexico Equity and Income FundThe gold chart Wall Street is terrified of…Elon Musk already made me a “wealthy man”Silver paying 20% dividend. Plus 68% share gainsUnlocked: Elon Musk’s Next Big IPOA personal warning from Martin Weiss (Please read)Want to see what other hedge funds are holding MXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mexico Equity and Income Fund, Inc. (NYSE:MXE - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mexico Equity and Income Fund Right Now?Before you consider Mexico Equity and Income Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mexico Equity and Income Fund wasn't on the list.While Mexico Equity and Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here