Liberty All-Star Equity Fund (NYSE:USA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Liberty All-Star Equity Fund (NYSE:USA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.03 and traded as high as $7.34. Liberty All-Star Equity Fund shares last traded at $7.33, with a volume of 957,498 shares trading hands.

Liberty All-Star Equity Fund Stock Up 0.9 %

The firm has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $7.03.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 24th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 9.28%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in Liberty All-Star Equity Fund by 134.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 74,856 shares of the closed-end fund’s stock valued at $509,000 after buying an additional 42,866 shares during the period. XTX Topco Ltd acquired a new stake in shares of Liberty All-Star Equity Fund in the second quarter worth $116,000. EverSource Wealth Advisors LLC purchased a new position in shares of Liberty All-Star Equity Fund in the 2nd quarter valued at $61,000. Silver Lake Advisory LLC acquired a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at $476,000. Finally, Creative Planning boosted its position in Liberty All-Star Equity Fund by 4.2% during the 2nd quarter. Creative Planning now owns 72,219 shares of the closed-end fund’s stock worth $491,000 after purchasing an additional 2,940 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.