Liberty All-Star Equity Fund (NYSE:USA) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Liberty All-Star Equity Fund (NYSE:USA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.86 and traded as high as $7.26. Liberty All-Star Equity Fund shares last traded at $7.24, with a volume of 475,795 shares changing hands.

Liberty All-Star Equity Fund Trading Down 0.3 %

The stock’s fifty day simple moving average is $7.00 and its 200 day simple moving average is $6.86.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Karpus Management Inc. increased its stake in shares of Liberty All-Star Equity Fund by 75.1% in the first quarter. Karpus Management Inc. now owns 88,070 shares of the closed-end fund’s stock worth $630,000 after purchasing an additional 37,770 shares in the last quarter. RB Capital Management LLC increased its stake in shares of Liberty All-Star Equity Fund by 11.6% in the first quarter. RB Capital Management LLC now owns 140,010 shares of the closed-end fund’s stock worth $1,001,000 after purchasing an additional 14,587 shares in the last quarter. Cornerstone Advisors LLC increased its stake in shares of Liberty All-Star Equity Fund by 1,204.2% in the first quarter. Cornerstone Advisors LLC now owns 825,501 shares of the closed-end fund’s stock worth $5,902,000 after purchasing an additional 762,204 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Liberty All-Star Equity Fund by 54.5% in the first quarter. Concurrent Investment Advisors LLC now owns 48,179 shares of the closed-end fund’s stock worth $344,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Liberty All-Star Equity Fund by 16.9% in the first quarter. Janney Montgomery Scott LLC now owns 846,492 shares of the closed-end fund’s stock worth $6,052,000 after purchasing an additional 122,205 shares in the last quarter. 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 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.