Madison Covered Call & Equity Strtgy Fd (MCN) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) by 264.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 57,063 shares of the investment management company’s stock after purchasing an additional 41,408 shares during the period. LPL Financial LLC’s holdings in Madison Covered Call & Equity Strtgy Fd were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Madison Covered Call & Equity Strtgy Fd by 107.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 52,998 shares of the investment management company’s stock valued at $326,000 after purchasing an additional 27,401 shares during the last quarter. Mutual Advisors LLC purchased a new stake in Madison Covered Call & Equity Strtgy Fd during the 3rd quarter valued at about $435,000. Advisors Asset Management Inc. boosted its holdings in Madison Covered Call & Equity Strtgy Fd by 244.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 141,668 shares of the investment management company’s stock valued at $1,089,000 after acquiring an additional 100,500 shares during the period. Wells Fargo & Company MN boosted its holdings in Madison Covered Call & Equity Strtgy Fd by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 289,269 shares of the investment management company’s stock valued at $2,225,000 after acquiring an additional 11,814 shares during the period. Finally, Morgan Stanley boosted its holdings in Madison Covered Call & Equity Strtgy Fd by 14.4% during the 3rd quarter. Morgan Stanley now owns 672,150 shares of the investment management company’s stock valued at $5,169,000 after acquiring an additional 84,855 shares during the period.

MCN stock traded down $0.03 during trading on Friday, hitting $6.81. 33,547 shares of the company traded hands, compared to its average volume of 81,776. Madison Covered Call & Equity Strtgy Fd has a 1 year low of $5.72 and a 1 year high of $7.94.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 10.57%. The ex-dividend date was Thursday, March 14th.

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Madison Covered Call & Equity Strtgy Fd 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.

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

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