Liberty All-Star Equity Fund (NYSE:USA) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Liberty All-Star Equity Fund (NYSE:USA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.92 and traded as high as $7.18. Liberty All-Star Equity Fund shares last traded at $7.16, with a volume of 704,261 shares.

Liberty All-Star Equity Fund Stock Performance

The company’s fifty day moving average price is $7.16 and its two-hundred day moving average price is $6.92.

Liberty All-Star Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Liberty All-Star Equity Fund

A number of institutional investors have recently bought and sold shares of USA. Larson Financial Group LLC bought a new position in shares of Liberty All-Star Equity Fund during the second quarter worth $29,000. EverSource Wealth Advisors LLC bought a new position in shares of Liberty All-Star Equity Fund during the second quarter worth $61,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Liberty All-Star Equity Fund during the second quarter worth $64,000. Concorde Asset Management LLC bought a new position in shares of Liberty All-Star Equity Fund during the second quarter worth $74,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Liberty All-Star Equity Fund during the third quarter worth $77,000. Institutional investors and hedge funds 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.