Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.98 and traded as low as $6.44. Madison Covered Call & Equity Strategy Fund shares last traded at $6.45, with a volume of 76,948 shares.

Madison Covered Call & Equity Strategy Fund Stock Up 0.2 %

The business has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.98.

Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Madison Covered Call & Equity Strategy Fund in the fourth quarter valued at approximately $1,555,000. Wells Fargo & Company MN lifted its stake in Madison Covered Call & Equity Strategy Fund by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 110,655 shares of the investment management company’s stock valued at $742,000 after purchasing an additional 2,663 shares during the last quarter. World Equity Group Inc. lifted its stake in Madison Covered Call & Equity Strategy Fund by 108.1% in the fourth quarter. World Equity Group Inc. now owns 190,616 shares of the investment management company’s stock valued at $1,279,000 after purchasing an additional 99,035 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Madison Covered Call & Equity Strategy Fund by 319.1% in the fourth quarter. Wolverine Asset Management LLC now owns 12,358 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 9,409 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Madison Covered Call & Equity Strategy Fund by 5.2% in the fourth quarter. Private Advisor Group LLC now owns 48,825 shares of the investment management company’s stock valued at $328,000 after purchasing an additional 2,403 shares during the last quarter.

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.