Liberty All-Star Equity Fund (NYSE:USA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.82 and traded as high as $6.02. Liberty All-Star Equity Fund shares last traded at $6.0050, with a volume of 979,596 shares.

Liberty All-Star Equity Fund Stock Up 0.2%

The stock has a 50 day simple moving average of $5.88 and a 200 day simple moving average of $5.82.

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 issued a $0.17 dividend. The ex-dividend date is Thursday, July 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.3%. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of Liberty All-Star Equity Fund in the fourth quarter valued at $37,000. Fifth Third Bancorp bought a new stake in shares of Liberty All-Star Equity Fund during the first quarter worth about $44,000. Canal Capital Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter worth about $60,000. Investmark Advisory Group LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the 2nd quarter worth about $62,000. Finally, Three Magnolias Financial Advisors LLC raised its holdings in shares of Liberty All-Star Equity Fund by 25.0% in the 1st quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after acquiring an additional 2,500 shares during the last quarter. 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.