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

Shares of Madison Covered Call & Equity Strategy Fund (NYSE:MCN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.91 and traded as low as $6.40. Madison Covered Call & Equity Strategy Fund shares last traded at $6.40, with a volume of 51,927 shares changing hands.

Madison Covered Call & Equity Strategy Fund Stock Down 0.4 %

The company has a fifty day moving average of $6.57 and a 200 day moving average of $6.90.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

Several institutional investors have recently added to or reduced their stakes in the stock. 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 during the period. D.A. Davidson & CO. acquired a new position in Madison Covered Call & Equity Strategy Fund in the third quarter valued at approximately $213,000. L.M. Kohn & Company lifted its stake in 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 valued at $157,000 after buying an additional 5,050 shares during the period. Jane Street Group LLC acquired a new position in Madison Covered Call & Equity Strategy Fund in the third quarter valued at approximately $192,000. Finally, Virtu Financial LLC acquired a new position in Madison Covered Call & Equity Strategy Fund in the third quarter valued at approximately $86,000.

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.