Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) Stock Crosses Below Fifty Day Moving Average of $6.54

Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.54 and traded as low as $6.23. Madison Covered Call & Equity Strtgy Fd shares last traded at $6.23, with a volume of 1,270 shares trading hands.

The company has a 50-day moving average of $6.54 and a 200-day moving average of $6.67.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of Madison Covered Call & Equity Strtgy Fd in the 1st quarter valued at approximately $294,000. Bank of America Corp DE boosted its position in Madison Covered Call & Equity Strtgy Fd by 15.1% during the 4th quarter. Bank of America Corp DE now owns 72,887 shares of the investment management company’s stock worth $449,000 after acquiring an additional 9,553 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 1st quarter worth approximately $118,000. Invesco Ltd. boosted its position 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 worth $2,186,000 after acquiring an additional 18,465 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new position in Madison Covered Call & Equity Strtgy Fd during the 2nd quarter worth approximately $150,000.

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.

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