Shaker Financial Services LLC acquired a new stake in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) during the second quarter, Holdings Channel reports. The institutional investor acquired 152,947 shares of the investment management company’s stock, valued at approximately $1,198,000.

Shares of Madison Covered Call & Equity Strtgy Fd (NYSE MCN) opened at 7.67 on Friday. Madison Covered Call & Equity Strtgy Fd has a 12 month low of $7.46 and a 12 month high of $8.21. The company’s 50 day moving average price is $7.89 and its 200 day moving average price is $7.96.

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About Madison Covered Call & Equity Strtgy Fd

Madison Covered Call & Equity Strategy Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund will pursue its investment objectives by investing primarily in large and mid-capitalization common stocks.

Want to see what other hedge funds are holding MCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN).

Institutional Ownership by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)

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