Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Liberty All-Star Equity Fund (NYSE:USA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.89 and traded as high as $6.00. Liberty All-Star Equity Fund shares last traded at $5.9650, with a volume of 1,506,552 shares trading hands.

Liberty All-Star Equity Fund Trading Up 0.1%

The stock’s 50 day simple moving average is $5.79 and its 200 day simple moving average is $5.89.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, July 16th will be paid a $0.17 dividend. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.4%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

A number of hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Liberty All-Star Equity Fund during the fourth quarter valued at approximately $37,000. Fifth Third Bancorp acquired a new position in shares of Liberty All-Star Equity Fund in the 1st quarter worth approximately $44,000. Canal Capital Management LLC bought a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter valued at approximately $60,000. Three Magnolias Financial Advisors LLC bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $63,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter valued at approximately $65,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.