Liberty All-Star Equity Fund (NYSE:USA) Shares Cross Above 200-Day Moving Average of $6.81

Liberty All-Star Equity Fund (NYSE:USA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.81 and traded as high as $6.97. Liberty All-Star Equity Fund shares last traded at $6.97, with a volume of 754,306 shares changing hands.

Liberty All-Star Equity Fund Stock Up 1.1 %

The company has a 50-day moving average price of $6.82 and a two-hundred day moving average price of $6.81.

Liberty All-Star Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, July 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Friday, July 19th.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds have recently made changes to their positions in USA. Tower Research Capital LLC TRC increased its holdings in Liberty All-Star Equity Fund by 93.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock valued at $26,000 after buying an additional 1,996 shares during the last quarter. Principal Securities Inc. bought a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at $27,000. Larson Financial Group LLC acquired a new position in shares of Liberty All-Star Equity Fund during the second quarter valued at $29,000. EverSource Wealth Advisors LLC acquired a new position in Liberty All-Star Equity Fund during the 2nd quarter valued at about $61,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Liberty All-Star Equity Fund during the second quarter worth approximately $64,000. Institutional investors and hedge funds 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.