John Yogi Spence, identified as adviser personnel, has purchased a total of 2,500 common shares of XAI Madison Equity Premium Income Fund (NYSE:MCN) according to a recent SEC filing. The transactions, executed on December 19, 2024, were made at prices ranging from $6.60 to $6.63 per share, amounting to a total acquisition value of $16,560. The timing appears notable as InvestingPro data shows the stock trading near its 52-week low of $6.56, while offering an attractive 11% dividend yield. The fund has maintained dividend payments for 18 consecutive years, with relatively low price volatility indicated by a beta of 0.82.
Want deeper insights into MCN's insider trading patterns and valuation metrics? InvestingPro subscribers have access to exclusive analysis and real-time alerts. Following these transactions, Spence holds 2,500 shares in direct ownership.
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