Liberty All-Star Equity Fund (NYSE:USA) Shares Cross Above 200 Day Moving Average of $6.63

Liberty All-Star Equity Fund (NYSE:USAGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.63 and traded as high as $6.74. Liberty All-Star Equity Fund shares last traded at $6.72, with a volume of 908,554 shares.

Liberty All-Star Equity Fund Trading Up 0.4 %

The company’s fifty day moving average price is $6.83 and its 200 day moving average price is $6.63.

Liberty All-Star Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, April 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date was Thursday, April 18th. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Insider Buying and Selling at Liberty All-Star Equity Fund

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke acquired 4,000 shares of Liberty All-Star Equity Fund stock in a transaction that occurred on 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 completion of the purchase, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $46,085. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC acquired a new position in shares of Liberty All-Star Equity Fund during the first quarter worth $162,000. Cetera Investment Advisers increased its holdings in Liberty All-Star Equity Fund by 1,512.2% in the 1st quarter. Cetera Investment Advisers now owns 253,011 shares of the closed-end fund’s stock worth $1,809,000 after purchasing an additional 237,317 shares in the last quarter. Comerica Bank raised its position in Liberty All-Star Equity Fund by 11.2% in the first quarter. Comerica Bank now owns 33,393 shares of the closed-end fund’s stock valued at $239,000 after purchasing an additional 3,355 shares during the last quarter. Karpus Management Inc. boosted its stake in shares of Liberty All-Star Equity Fund by 75.1% during the first quarter. Karpus Management Inc. now owns 88,070 shares of the closed-end fund’s stock valued at $630,000 after purchasing an additional 37,770 shares in the last quarter. Finally, InterOcean Capital Group LLC bought a new stake in shares of Liberty All-Star Equity Fund during the first quarter worth about $84,000. Institutional investors own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

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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.

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