Liberty All-Star Equity Fund (NYSE:USA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Liberty All-Star Equity Fund (NYSE:USA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.04 and traded as high as $7.17. Liberty All-Star Equity Fund shares last traded at $7.17, with a volume of 376,003 shares.

Liberty All-Star Equity Fund Trading Up 0.2 %

The company has a 50-day moving average price of $7.13 and a 200-day moving average price of $7.04.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.68 dividend on an annualized basis and a yield of 9.49%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USA. J.W. Cole Advisors Inc. increased its stake in shares of Liberty All-Star Equity Fund by 3.6% in the third quarter. J.W. Cole Advisors Inc. now owns 55,819 shares of the closed-end fund’s stock worth $396,000 after acquiring an additional 1,935 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Liberty All-Star Equity Fund by 0.7% during the third quarter. Private Advisor Group LLC now owns 288,443 shares of the closed-end fund’s stock valued at $2,048,000 after buying an additional 1,882 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Liberty All-Star Equity Fund in the third quarter worth about $256,000. Raymond James & Associates raised its position in Liberty All-Star Equity Fund by 167.3% in the third quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund’s stock worth $11,954,000 after purchasing an additional 1,053,725 shares in the last quarter. Finally, PFG Investments LLC raised its position in Liberty All-Star Equity Fund by 15.6% in the third quarter. PFG Investments LLC now owns 70,467 shares of the closed-end fund’s stock worth $500,000 after purchasing an additional 9,497 shares in 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.