Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Share Price Passes Below 200-Day Moving Average – Here’s Why

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.94 and traded as low as $6.42. Madison Covered Call & Equity Strategy Fund shares last traded at $6.44, with a volume of 70,342 shares traded.

Madison Covered Call & Equity Strategy Fund Trading Down 0.5 %

The firm has a 50-day moving average of $6.60 and a 200 day moving average of $6.94.

Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Madison Covered Call & Equity Strategy Fund during the third quarter worth $86,000. Wolverine Asset Management LLC grew its position in shares of Madison Covered Call & Equity Strategy Fund by 319.1% in the 4th quarter. Wolverine Asset Management LLC now owns 12,358 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 9,409 shares during the period. L.M. Kohn & Company increased its stake 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 worth $157,000 after purchasing an additional 5,050 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Madison Covered Call & Equity Strategy Fund by 612.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,208 shares of the investment management company’s stock worth $172,000 after purchasing an additional 20,808 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at about $192,000.

About Madison Covered Call & Equity Strategy Fund

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.