Liberty All-Star Equity Fund (NYSE:USA) Stock Passes Above 200 Day Moving Average – What’s Next?

Liberty All-Star Equity Fund (NYSE:USA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.07 and traded as high as $7.10. Liberty All-Star Equity Fund shares last traded at $7.09, with a volume of 541,135 shares trading hands.

Liberty All-Star Equity Fund Price Performance

The company’s 50 day moving average is $7.07 and its 200 day moving average is $7.07.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be given a $0.17 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.60%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates lifted its position in shares of Liberty All-Star Equity Fund by 167.3% during the 3rd quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund’s stock worth $11,954,000 after buying an additional 1,053,725 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Liberty All-Star Equity Fund in the 3rd quarter valued at $256,000. Private Advisor Group LLC grew its position in Liberty All-Star Equity Fund by 0.7% during the third quarter. Private Advisor Group LLC now owns 288,443 shares of the closed-end fund’s stock worth $2,048,000 after buying an additional 1,882 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 628.6% in the 3rd quarter. International Assets Investment Management LLC now owns 147,987 shares of the closed-end fund’s stock worth $1,051,000 after purchasing an additional 127,677 shares in the last quarter. Finally, PFG Investments LLC grew its position in Liberty All-Star Equity Fund by 15.6% during the third quarter. PFG Investments LLC now owns 70,467 shares of the closed-end fund’s stock valued at $500,000 after acquiring an additional 9,497 shares during the last quarter. 9.95% of the stock is currently owned by institutional investors.

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.