Liberty All-Star Equity Fund (NYSE:USA) Shares Pass Above Two Hundred Day Moving Average of $6.44

Shares of Liberty All-Star Equity Fund (NYSE:USA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.44 and traded as high as $6.91. Liberty All-Star Equity Fund shares last traded at $6.76, with a volume of 1,119,866 shares changing hands.

Liberty All-Star Equity Fund Price Performance

The company has a 50-day moving average of $6.86 and a 200-day moving average of $6.45.

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 represents a $0.72 annualized dividend and a yield of 11.02%. The ex-dividend date is Thursday, April 18th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Insider Activity at Liberty All-Star Equity Fund

In related news, insider Edmund J. Burke purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $7.09 per share, for a total transaction of $28,360.00. Following the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $46,085. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at approximately $64,000. NBC Securities Inc. purchased a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at approximately $111,000. Raymond James & Associates boosted its holdings in Liberty All-Star Equity Fund by 2.2% in the 3rd quarter. Raymond James & Associates now owns 443,533 shares of the closed-end fund’s stock valued at $2,626,000 after purchasing an additional 9,507 shares in the last quarter. Ingalls & Snyder LLC purchased a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at approximately $109,000. Finally, Shaker Financial Services LLC purchased a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at approximately $1,568,000. Hedge funds and other 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.