Liberty All-Star Equity Fund (NYSE:USA) Sees Strong Trading Volume – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA) shares saw strong trading volume on Monday . Approximately 1,069,197 shares traded hands during trading, a decline of 16% from the previous session’s volume of 1,269,974 shares.The stock last traded at $5.8750 and had previously closed at $5.81.

Liberty All-Star Equity Fund Trading Up 1.3%

The firm’s fifty day simple moving average is $5.80 and its 200-day simple moving average is $5.84.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be paid a dividend of $0.17 per share. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Thursday, July 16th.

Institutional Trading of Liberty All-Star Equity Fund

A number of institutional investors have recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC grew its holdings in Liberty All-Star Equity Fund by 6.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock worth $172,000 after acquiring an additional 1,997 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty All-Star Equity Fund by 20.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock valued at $82,000 after purchasing an additional 2,000 shares during the period. World Investment Advisors boosted its position in shares of Liberty All-Star Equity Fund by 19.5% during the 4th quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock valued at $91,000 after purchasing an additional 2,375 shares in the last quarter. Three Magnolias Financial Advisors LLC grew its stake in Liberty All-Star Equity Fund by 25.0% during the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 2,500 shares during the period. Finally, Merit Financial Group LLC grew its stake in Liberty All-Star Equity Fund by 27.0% during the fourth quarter. Merit Financial Group LLC now owns 12,713 shares of the closed-end fund’s stock worth $80,000 after purchasing an additional 2,701 shares during the period. Institutional investors own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.