Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Madison Covered Call & Equity Strategy Fund (NYSE:MCN)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.91 and traded as low as $6.65. Madison Covered Call & Equity Strategy Fund shares last traded at $6.69, with a volume of 116,636 shares.

Madison Covered Call & Equity Strategy Fund Stock Down 0.7 %

The stock’s fifty day simple moving average is $6.91 and its two-hundred day simple moving average is $7.10.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund in the third quarter worth $86,000. L.M. Kohn & Company raised its stake in shares of Madison Covered Call & Equity Strategy Fund by 29.7% in the third 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 raised its stake in shares of 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 worth $172,000 after purchasing an additional 20,808 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund in the third quarter worth $192,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Madison Covered Call & Equity Strategy Fund in the third quarter worth $213,000.

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.