Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.90 and traded as high as $7.47. Liberty All-Star Equity Fund shares last traded at $7.45, with a volume of 682,454 shares traded.

Liberty All-Star Equity Fund Stock Performance

The firm has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $6.90.

Liberty All-Star Equity Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 9.67%.

Institutional Trading of Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its stake in shares of Liberty All-Star Equity Fund by 10.5% during the second quarter. Raymond James & Associates now owns 629,974 shares of the closed-end fund’s stock valued at $4,284,000 after buying an additional 59,841 shares during the period. Patten Group Inc. purchased a new position in shares of Liberty All-Star Equity Fund during the second quarter valued at $794,000. Cetera Advisors LLC purchased a new position in shares of Liberty All-Star Equity Fund during the first quarter valued at $162,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Liberty All-Star Equity Fund by 11.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 659,519 shares of the closed-end fund’s stock valued at $4,485,000 after buying an additional 67,362 shares during the period. Finally, Comerica Bank increased its stake in shares of Liberty All-Star Equity Fund by 11.2% during the first quarter. Comerica Bank now owns 33,393 shares of the closed-end fund’s stock valued at $239,000 after buying an additional 3,355 shares during the period. 9.95% of the stock is currently owned by institutional investors.

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.