Liberty All-Star Equity Fund (NYSE:USA) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Liberty All-Star Equity Fund (NYSE:USA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.00 and traded as high as $7.08. Liberty All-Star Equity Fund shares last traded at $7.00, with a volume of 614,941 shares changing hands.

Liberty All-Star Equity Fund Price Performance

The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $7.00.

Liberty All-Star Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 10.29%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in Liberty All-Star Equity Fund during the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC purchased a new position in shares of Liberty All-Star Equity Fund in the second quarter valued at $61,000. Ashton Thomas Private Wealth LLC bought a new stake in Liberty All-Star Equity Fund in the second quarter worth $64,000. Concorde Asset Management LLC purchased a new stake in Liberty All-Star Equity Fund during the second quarter valued at $74,000. Finally, Meridian Wealth Management LLC purchased a new stake in Liberty All-Star Equity Fund during the third quarter valued at $77,000. Institutional investors own 9.95% of the company’s stock.

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.