Liberty All-Star Equity Fund (NYSE:USA) Sets New 1-Year Low – Should You Sell?

Liberty All-Star Equity Fund (NYSE:USA) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.49 and last traded at $5.4950, with a volume of 334960 shares. The stock had previously closed at $5.55.

Liberty All-Star Equity Fund Price Performance

The business’s fifty day moving average price is $5.92 and its 200 day moving average price is $6.15.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd were paid a $0.18 dividend. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date was Thursday, January 22nd.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC increased its position in Liberty All-Star Equity Fund by 11.6% in the 3rd quarter. CoreCap Advisors LLC now owns 19,566 shares of the closed-end fund’s stock valued at $124,000 after acquiring an additional 2,037 shares during the period. Shaker Financial Services LLC lifted its position in Liberty All-Star Equity Fund by 62.7% during the 3rd quarter. Shaker Financial Services LLC now owns 1,307,623 shares of the closed-end fund’s stock worth $8,290,000 after acquiring an additional 503,698 shares during the period. Silver Oak Securities Incorporated lifted its position in Liberty All-Star Equity Fund by 16.5% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,698 shares of the closed-end fund’s stock worth $87,000 after acquiring an additional 1,944 shares during the period. RB Capital Management LLC grew its stake in shares of Liberty All-Star Equity Fund by 4.7% in the 3rd quarter. RB Capital Management LLC now owns 149,790 shares of the closed-end fund’s stock valued at $950,000 after purchasing an additional 6,696 shares during the last quarter. Finally, World Investment Advisors purchased a new position in shares of Liberty All-Star Equity Fund in the 3rd quarter valued at approximately $77,000. 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 (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.