Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Madison Covered Call & Equity Strategy Fund (NYSE:MCN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.17 and traded as low as $6.96. Madison Covered Call & Equity Strategy Fund shares last traded at $6.98, with a volume of 51,739 shares changing hands.

Madison Covered Call & Equity Strategy Fund Price Performance

The firm has a fifty day moving average of $7.02 and a 200 day moving average of $7.17.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Madison Covered Call & Equity Strategy Fund in the second quarter worth approximately $26,000. L.M. Kohn & Company lifted its holdings in shares of Madison Covered Call & Equity Strategy Fund by 29.7% during the 3rd quarter. L.M. Kohn & Company now owns 22,059 shares of the investment management company’s stock valued at $157,000 after buying an additional 5,050 shares during the period. Virtu Financial LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth $86,000. Commonwealth Equity Services LLC grew its holdings in shares of Madison Covered Call & Equity Strategy Fund by 83.0% in the second quarter. Commonwealth Equity Services LLC now owns 37,929 shares of the investment management company’s stock worth $288,000 after acquiring an additional 17,206 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund in the third quarter worth $192,000.

Madison Covered Call & Equity Strategy Fund Company Profile

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.