Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above Two Hundred Day Moving Average of $6.84

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.84 and traded as high as $7.14. Liberty All-Star Equity Fund shares last traded at $7.10, with a volume of 617,175 shares changing hands.

Liberty All-Star Equity Fund Trading Up 0.6 %

The company has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $6.84.

Liberty All-Star Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, July 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend was Friday, July 19th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Heritage Wealth Management Inc. purchased a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at $582,000. Cetera Investment Advisers increased its position in shares of Liberty All-Star Equity Fund by 20.8% during the 2nd quarter. Cetera Investment Advisers now owns 305,529 shares of the closed-end fund’s stock valued at $2,078,000 after purchasing an additional 52,518 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Liberty All-Star Equity Fund by 10.6% during the 2nd quarter. NewEdge Advisors LLC now owns 156,797 shares of the closed-end fund’s stock valued at $1,066,000 after buying an additional 15,010 shares in the last quarter. Creative Planning lifted its position in Liberty All-Star Equity Fund by 4.2% in the 2nd quarter. Creative Planning now owns 72,219 shares of the closed-end fund’s stock worth $491,000 after buying an additional 2,940 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new stake in shares of Liberty All-Star Equity Fund in the 2nd quarter worth approximately $476,000. 9.95% of the stock is owned by institutional investors.

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.