Liberty All-Star Equity Fund (NYSE:USA) Share Price Crosses Above Two Hundred Day Moving Average of $6.47

Liberty All-Star Equity Fund (NYSE:USA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.47 and traded as high as $6.69. Liberty All-Star Equity Fund shares last traded at $6.65, with a volume of 569,663 shares trading hands.

Liberty All-Star Equity Fund Price Performance

The business has a 50-day moving average of $6.87 and a 200 day moving average of $6.47.

Liberty All-Star Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 19th will be given a $0.18 dividend. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date of this dividend is Thursday, April 18th.

Insider Activity at Liberty All-Star Equity Fund

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $7.09 per share, with a total value of $28,360.00. Following the transaction, the insider now directly owns 6,500 shares in the company, valued at approximately $46,085. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Liberty All-Star Equity Fund by 93.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock worth $26,000 after acquiring an additional 1,996 shares during the period. Principal Securities Inc. bought a new position in Liberty All-Star Equity Fund in the 4th quarter worth about $27,000. WealthPlan Investment Management LLC bought a new position in Liberty All-Star Equity Fund in the 3rd quarter worth about $63,000. Merit Financial Group LLC bought a new stake in shares of Liberty All-Star Equity Fund during the 3rd quarter valued at about $64,000. Finally, TIAA Trust National Association bought a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter valued at about $66,000. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Company Profile

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.