Liberty All-Star Equity Fund (NYSE:USA) Share Price Passes Above 200-Day Moving Average of $6.72

Liberty All-Star Equity Fund (NYSE:USA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.72 and traded as high as $6.88. Liberty All-Star Equity Fund shares last traded at $6.88, with a volume of 555,480 shares traded.

Liberty All-Star Equity Fund Trading Up 1.2 %

The business’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $6.72.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, April 19th were paid a $0.18 dividend. The ex-dividend date was Thursday, April 18th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 10.47%.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Liberty All-Star Equity Fund by 93.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock valued at $26,000 after acquiring an additional 1,996 shares during the last quarter. Principal Securities Inc. bought a new stake in Liberty All-Star Equity Fund during the fourth quarter valued at approximately $27,000. WealthPlan Investment Management LLC bought a new stake in Liberty All-Star Equity Fund during the third quarter valued at approximately $63,000. TIAA Trust National Association purchased a new position in Liberty All-Star Equity Fund in the 4th quarter worth approximately $66,000. Finally, High Net Worth Advisory Group LLC bought a new position in shares of Liberty All-Star Equity Fund in the 1st quarter worth $72,000. 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.