Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) Stock Passes Below Two Hundred Day Moving Average of $6.61

Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.61 and traded as low as $6.55. Madison Covered Call & Equity Strtgy Fd shares last traded at $6.60, with a volume of 4,936 shares changing hands.

The company’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.61.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.72 annualized dividend and a yield of 10.93%.



A number of institutional investors have recently added to or reduced their stakes in MCN. Bank of Montreal Can acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 1st quarter valued at about $294,000. Shaker Financial Services LLC acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 2nd quarter valued at about $164,000. RMB Capital Management LLC acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 2nd quarter valued at about $150,000. Invesco Ltd. increased its stake in Madison Covered Call & Equity Strtgy Fd by 5.9% during the 2nd quarter. Invesco Ltd. now owns 330,623 shares of the investment management company’s stock valued at $2,186,000 after buying an additional 18,465 shares during the period. Finally, Stonebridge Capital Advisors LLC acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 1st quarter valued at about $118,000.

Madison Covered Call & Equity Strtgy Fd Company Profile (NYSE:MCN)

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.

See Also: Are FAANG stocks a good investment?

Receive News & Ratings for Madison Covered Call & Equity Strtgy Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Covered Call & Equity Strtgy Fd and related companies with MarketBeat.com's FREE daily email newsletter.