Liberty All-Star Equity Fund (NYSE:USA) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.72 and traded as high as $6.93. Liberty All-Star Equity Fund shares last traded at $6.91, with a volume of 617,730 shares changing hands.

Liberty All-Star Equity Fund Trading Up 0.1%

The business has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $6.72.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.68%.

Institutional Trading of Liberty All-Star Equity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in Liberty All-Star Equity Fund by 19.7% in the 1st quarter. LPL Financial LLC now owns 4,368,444 shares of the closed-end fund’s stock valued at $28,613,000 after acquiring an additional 720,273 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Liberty All-Star Equity Fund by 22.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,041,649 shares of the closed-end fund’s stock valued at $19,923,000 after buying an additional 550,101 shares during the period. Royal Bank of Canada lifted its holdings in shares of Liberty All-Star Equity Fund by 21.2% during the 1st quarter. Royal Bank of Canada now owns 1,903,229 shares of the closed-end fund’s stock valued at $12,466,000 after buying an additional 333,478 shares during the period. Bensler LLC lifted its holdings in shares of Liberty All-Star Equity Fund by 5.7% during the 1st quarter. Bensler LLC now owns 1,686,808 shares of the closed-end fund’s stock valued at $11,049,000 after buying an additional 91,509 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Liberty All-Star Equity Fund by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,573,832 shares of the closed-end fund’s stock valued at $10,938,000 after buying an additional 87,560 shares during the period. Hedge funds and other institutional investors own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

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.