Liberty All-Star Equity Fund (NYSE:USA) Stock Price Crosses Above 200 Day Moving Average of $6.23

Liberty All-Star Equity Fund (NYSE:USA)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.23 and traded as high as $6.29. Liberty All-Star Equity Fund shares last traded at $6.24, with a volume of 1,188,700 shares changing hands.

Liberty All-Star Equity Fund Trading Down 0.8 %

The stock’s 50-day moving average is $6.48 and its 200-day moving average is $6.23.

Liberty All-Star Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, July 21st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 10.34%. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 20th.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

A number of institutional investors have recently added to or reduced their stakes in USA. LPL Financial LLC increased its position in Liberty All-Star Equity Fund by 33.1% during the 2nd quarter. LPL Financial LLC now owns 2,159,840 shares of the closed-end fund’s stock worth $13,974,000 after purchasing an additional 537,323 shares in the last quarter. Private Advisor Group LLC acquired a new position in Liberty All-Star Equity Fund in the 1st quarter valued at approximately $1,708,000. Financial Advocates Investment Management acquired a new position in Liberty All-Star Equity Fund in the 4th quarter valued at approximately $1,302,000. Integrated Advisors Network LLC increased its position in Liberty All-Star Equity Fund by 26.7% in the 1st quarter. Integrated Advisors Network LLC now owns 835,805 shares of the closed-end fund’s stock valued at $5,182,000 after acquiring an additional 176,039 shares during the period. Finally, Penserra Capital Management LLC increased its position in Liberty All-Star Equity Fund by 9.9% in the 4th quarter. Penserra Capital Management LLC now owns 1,804,239 shares of the closed-end fund’s stock valued at $10,284,000 after acquiring an additional 162,115 shares during the period. 9.55% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Equity Fund Company Profile

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.