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

Liberty All-Star Equity Fund (NYSE:USA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.07 and traded as high as $7.10. Liberty All-Star Equity Fund shares last traded at $7.09, with a volume of 541,135 shares.

Liberty All-Star Equity Fund Stock Performance

The stock has a 50-day moving average of $7.07 and a 200-day moving average of $7.07.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be paid a $0.17 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.68 annualized dividend and a yield of 9.60%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its position in shares of Liberty All-Star Equity Fund by 0.5% during the fourth quarter. Private Advisor Group LLC now owns 289,973 shares of the closed-end fund’s stock valued at $2,015,000 after purchasing an additional 1,530 shares during the period. D.A. Davidson & CO. boosted its stake in Liberty All-Star Equity Fund by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 160,495 shares of the closed-end fund’s stock worth $1,140,000 after acquiring an additional 1,565 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Liberty All-Star Equity Fund by 3.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 55,819 shares of the closed-end fund’s stock worth $396,000 after buying an additional 1,935 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Liberty All-Star Equity Fund by 15.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,507 shares of the closed-end fund’s stock worth $122,000 after acquiring an additional 2,393 shares during the period. Finally, Eclectic Associates Inc. ADV boosted its holdings in Liberty All-Star Equity Fund by 14.8% during the fourth quarter. Eclectic Associates Inc. ADV now owns 21,760 shares of the closed-end fund’s stock worth $151,000 after purchasing an additional 2,805 shares during the last quarter. Institutional investors own 9.95% of the company’s stock.

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.