Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above 200-Day Moving Average of $6.50

February 23rd, 2021 - Comments Off - Filed Under - by Stacy Sanders

Liberty All-Star Equity Fund (NYSE:USA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.50 and traded as high as $7.50. Liberty All-Star Equity Fund shares last traded at $7.45, with a volume of 559,295 shares.

The firm has a 50 day moving average of $7.15 and a two-hundred day moving average of $6.50.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 8th. Stockholders of record on Friday, January 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 21st. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.20%.

In other Liberty All-Star Equity Fund news, insider Thomas W. Brock acquired 5,000 shares of Liberty All-Star Equity Fund stock in a transaction dated Wednesday, December 2nd. The stock was bought at an average cost of $6.68 per share, with a total value of $33,400.00. Following the completion of the transaction, the insider now owns 85,000 shares of the company’s stock, valued at $567,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Syverson Strege & Co bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter worth approximately $30,000. CWM LLC increased its holdings in Liberty All-Star Equity Fund by 492.0% in the 3rd quarter. CWM LLC now owns 5,340 shares of the closed-end fund’s stock valued at $32,000 after buying an additional 4,438 shares during the period. Retirement Group LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at $56,000. Regal Investment Advisors LLC bought a new position in shares of Liberty All-Star Equity Fund during the 4th quarter worth about $69,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter valued at about $71,000. 11.25% of the stock is owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund (NYSE:USA)

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.