Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Madison Covered Call & Equity Strategy Fund (NYSE:MCN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Madison Covered Call & Equity Strategy Fund Stock Down 0.5 %

The business’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $6.94.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MCN. Raymond James Financial Inc. bought a new stake in Madison Covered Call & Equity Strategy Fund in the 4th quarter valued at $1,555,000. Atria Wealth Solutions Inc. increased its holdings in Madison Covered Call & Equity Strategy Fund by 715.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 242,496 shares of the investment management company’s stock valued at $1,627,000 after acquiring an additional 212,745 shares during the last quarter. Shaker Financial Services LLC bought a new stake in Madison Covered Call & Equity Strategy Fund in the 4th quarter valued at $1,296,000. World Equity Group Inc. increased its holdings in Madison Covered Call & Equity Strategy Fund by 108.1% in the 4th quarter. World Equity Group Inc. now owns 190,616 shares of the investment management company’s stock valued at $1,279,000 after acquiring an additional 99,035 shares during the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at $611,000.

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.