Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Shares Pass Below 200-Day Moving Average – Time to Sell?

Madison Covered Call & Equity Strategy Fund (NYSE:MCN)’s share price crossed 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 traded.

Madison Covered Call & Equity Strategy Fund Price Performance

The business has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.17.

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

Large investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund in the third quarter worth about $192,000. Virtu Financial LLC acquired a new position in shares of Madison Covered Call & Equity Strategy Fund in the 3rd quarter valued at approximately $86,000. D.A. Davidson & CO. bought a new stake in Madison Covered Call & Equity Strategy Fund during the 3rd quarter worth approximately $213,000. L.M. Kohn & Company raised its holdings in 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 buying an additional 5,050 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Madison Covered Call & Equity Strategy Fund by 612.0% in the third quarter. International Assets Investment Management LLC now owns 24,208 shares of the investment management company’s stock valued at $172,000 after buying an additional 20,808 shares in the last quarter.

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.