Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above 200-Day Moving Average of $6.47

Liberty All-Star Equity Fund (NYSE:USA)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.47 and traded as high as $6.69. Liberty All-Star Equity Fund shares last traded at $6.65, with a volume of 569,663 shares trading hands.

Liberty All-Star Equity Fund Stock Performance

The stock’s 50 day simple moving average is $6.87 and its 200-day simple moving average is $6.47.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be issued a $0.18 dividend. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend is Thursday, April 18th.

Insider Activity

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $7.09 per share, with a total value of $28,360.00. Following the acquisition, the insider now directly owns 6,500 shares of the company’s stock, valued at $46,085. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Trading of Liberty All-Star Equity Fund

Large investors have recently made changes to their positions in the business. LifePro Asset Management purchased a new stake in Liberty All-Star Equity Fund during the first quarter worth $314,000. Eudaimonia Partners LLC lifted its holdings in Liberty All-Star Equity Fund by 5.2% during the first quarter. Eudaimonia Partners LLC now owns 53,237 shares of the closed-end fund’s stock valued at $381,000 after purchasing an additional 2,610 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Liberty All-Star Equity Fund by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 634,920 shares of the closed-end fund’s stock valued at $4,540,000 after purchasing an additional 15,178 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Liberty All-Star Equity Fund by 3.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 568,252 shares of the closed-end fund’s stock valued at $4,063,000 after purchasing an additional 18,781 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Liberty All-Star Equity Fund during the first quarter valued at $74,000. 9.95% of the stock is owned by hedge funds and other 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.