Liberty All-Star Equity Fund (NYSE:USA) Share Price Passes Above Two Hundred Day Moving Average of $6.44

Liberty All-Star Equity Fund (NYSE:USA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.44 and traded as high as $6.91. Liberty All-Star Equity Fund shares last traded at $6.76, with a volume of 1,119,866 shares.

Liberty All-Star Equity Fund Trading Down 1.0 %

The business has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $6.44.

Liberty All-Star Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 10.65%. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, April 18th.

Insider Activity at Liberty All-Star Equity Fund

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $7.09 per share, for a total transaction of $28,360.00. Following the completion of the transaction, the insider now owns 6,500 shares of the company’s stock, valued at approximately $46,085. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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. Stratos Wealth Partners LTD. increased its stake in shares of Liberty All-Star Equity Fund by 6.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 30,837 shares of the closed-end fund’s stock worth $197,000 after acquiring an additional 1,751 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Liberty All-Star Equity Fund by 93.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock worth $26,000 after purchasing an additional 1,996 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Liberty All-Star Equity Fund by 87.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,310 shares of the closed-end fund’s stock worth $34,000 after purchasing an additional 2,010 shares during the last quarter. Bison Wealth LLC raised its stake in Liberty All-Star Equity Fund by 20.5% during the third quarter. Bison Wealth LLC now owns 12,962 shares of the closed-end fund’s stock worth $77,000 after purchasing an additional 2,205 shares during the period. Finally, Cetera Advisor Networks LLC boosted its holdings in Liberty All-Star Equity Fund by 0.3% in the 4th quarter. Cetera Advisor Networks LLC now owns 671,198 shares of the closed-end fund’s stock valued at $3,826,000 after purchasing an additional 2,211 shares during the last quarter. Hedge funds and other institutional investors own 9.95% of the company’s stock.

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.