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

Shares of Liberty All-Star Equity Fund (NYSE:USA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.50 and traded as high as $6.78. Liberty All-Star Equity Fund shares last traded at $6.77, with a volume of 839,069 shares traded.

Liberty All-Star Equity Fund Stock Performance

The firm’s 50 day moving average price is $6.88 and its 200-day moving average price is $6.51.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be paid a dividend of $0.18 per share. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 10.62%. The ex-dividend date is Thursday, April 18th.

Insider Transactions at Liberty All-Star Equity Fund

In related news, insider Edmund J. Burke purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $7.09 per share, with a total value of $28,360.00. Following the purchase, the insider now owns 6,500 shares of the company’s stock, valued at approximately $46,085. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds have recently bought and sold shares of the business. WealthTrust Asset Management LLC raised its holdings in Liberty All-Star Equity Fund by 7.4% in the 1st quarter. WealthTrust Asset Management LLC now owns 79,767 shares of the closed-end fund’s stock valued at $570,000 after acquiring an additional 5,465 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Liberty All-Star Equity Fund by 16.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 846,492 shares of the closed-end fund’s stock valued at $6,052,000 after acquiring an additional 122,205 shares during the last quarter. Flynn Zito Capital Management LLC acquired a new stake in Liberty All-Star Equity Fund in the 1st quarter valued at about $429,000. Private Advisor Group LLC raised its holdings in Liberty All-Star Equity Fund by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 281,498 shares of the closed-end fund’s stock valued at $2,013,000 after acquiring an additional 4,096 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in Liberty All-Star Equity Fund in the 1st quarter valued at about $174,000. Institutional investors and hedge funds 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.