Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above 200-Day Moving Average of $6.44

Shares of Liberty All-Star Equity Fund (NYSE:USA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.44 and traded as high as $6.91. Liberty All-Star Equity Fund shares last traded at $6.76, with a volume of 1,119,866 shares.

Liberty All-Star Equity Fund Stock Performance

The stock’s 50-day moving average price is $6.86 and its 200-day moving average price is $6.45.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 19th will be issued a $0.18 dividend. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 11.02%. The ex-dividend date is Thursday, April 18th.

Insider Activity at Liberty All-Star Equity Fund

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $28,360.00. Following the completion of the acquisition, 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 can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Large investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in Liberty All-Star Equity Fund by 0.8% in the third quarter. Morgan Stanley now owns 3,687,922 shares of the closed-end fund’s stock worth $21,833,000 after purchasing an additional 28,639 shares during the period. LPL Financial LLC raised its holdings in Liberty All-Star Equity Fund by 7.7% in the third quarter. LPL Financial LLC now owns 2,326,700 shares of the closed-end fund’s stock worth $13,774,000 after purchasing an additional 166,860 shares during the period. Royal Bank of Canada raised its holdings in Liberty All-Star Equity Fund by 0.3% in the fourth quarter. Royal Bank of Canada now owns 1,676,272 shares of the closed-end fund’s stock worth $10,695,000 after purchasing an additional 4,555 shares during the period. Bensler LLC raised its holdings in Liberty All-Star Equity Fund by 7.9% in the fourth quarter. Bensler LLC now owns 1,399,707 shares of the closed-end fund’s stock worth $8,930,000 after purchasing an additional 102,438 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Liberty All-Star Equity Fund by 11.9% in the third quarter. Ameriprise Financial Inc. now owns 1,015,557 shares of the closed-end fund’s stock worth $6,014,000 after purchasing an additional 108,094 shares during the period. 9.95% of the stock is currently owned by institutional investors and hedge funds.

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.