Advisors Asset Management Inc. Has $7.23 Million Holdings in Madison Covered Call & Equity Strategy Fund (NYSE:MCN)

Advisors Asset Management Inc. decreased its holdings in Madison Covered Call & Equity Strategy Fund (NYSE:MCN) by 29.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921,090 shares of the investment management company’s stock after selling 381,743 shares during the quarter. Advisors Asset Management Inc. owned about 4.78% of Madison Covered Call & Equity Strategy Fund worth $7,231,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. raised its position in Madison Covered Call & Equity Strategy Fund by 4.9% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,396,331 shares of the investment management company’s stock valued at $10,933,000 after purchasing an additional 65,625 shares during the last quarter. Icon Advisers Inc. Co. raised its position in Madison Covered Call & Equity Strategy Fund by 112.3% in the 2nd quarter. Icon Advisers Inc. Co. now owns 493,911 shares of the investment management company’s stock valued at $3,867,000 after purchasing an additional 261,251 shares during the last quarter. Advisor Group Inc. raised its position in Madison Covered Call & Equity Strategy Fund by 3.8% in the 3rd quarter. Advisor Group Inc. now owns 262,590 shares of the investment management company’s stock valued at $2,061,000 after purchasing an additional 9,606 shares during the last quarter. Wells Fargo & Company MN raised its position in Madison Covered Call & Equity Strategy Fund by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 252,138 shares of the investment management company’s stock valued at $1,974,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in Madison Covered Call & Equity Strategy Fund in the 2nd quarter valued at $1,198,000.

Madison Covered Call & Equity Strategy Fund (NYSE MCN) traded up $0.05 during mid-day trading on Monday, reaching $7.67. 175,265 shares of the company traded hands, compared to its average volume of 53,657. Madison Covered Call & Equity Strategy Fund has a 1 year low of $7.40 and a 1 year high of $8.21.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 9.39%.

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Madison Covered Call & Equity Strategy Fund Profile

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.

Institutional Ownership by Quarter for Madison Covered Call & Equity Strategy Fund (NYSE:MCN)

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