Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.00 and traded as high as $7.08. Liberty All-Star Equity Fund shares last traded at $7.00, with a volume of 614,941 shares.

Liberty All-Star Equity Fund Stock Down 1.0 %

The stock’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $7.00.

Liberty All-Star Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be given a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 10.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in USA. Raymond James & Associates boosted its holdings in shares of Liberty All-Star Equity Fund by 167.3% in the third 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 during the last quarter. Bensler LLC grew its stake in shares of Liberty All-Star Equity Fund by 3.5% during the 3rd quarter. Bensler LLC now owns 1,618,860 shares of the closed-end fund’s stock valued at $11,494,000 after acquiring an additional 55,047 shares during the period. Shaker Financial Services LLC bought a new stake in Liberty All-Star Equity Fund during the 2nd quarter worth approximately $5,108,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Liberty All-Star Equity Fund by 4.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 689,391 shares of the closed-end fund’s stock worth $4,895,000 after purchasing an additional 29,872 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Liberty All-Star Equity Fund by 2.0% in the third quarter. Advisors Asset Management Inc. now owns 506,236 shares of the closed-end fund’s stock worth $3,594,000 after purchasing an additional 9,821 shares during the period. 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.