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) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Liberty All-Star Equity Fund Stock Up 0.3 %

The firm has a 50 day simple moving average of $7.11 and a 200-day simple moving average of $6.90.

Liberty All-Star Equity Fund Dividend Announcement

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

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its stake in Liberty All-Star Equity Fund by 0.7% in the third quarter. Private Advisor Group LLC now owns 288,443 shares of the closed-end fund’s stock valued at $2,048,000 after purchasing an additional 1,882 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Liberty All-Star Equity Fund by 3.6% in the third quarter. J.W. Cole Advisors Inc. now owns 55,819 shares of the closed-end fund’s stock worth $396,000 after acquiring an additional 1,935 shares in the last quarter. Creative Planning boosted its holdings in Liberty All-Star Equity Fund by 4.2% in the second quarter. Creative Planning now owns 72,219 shares of the closed-end fund’s stock worth $491,000 after acquiring an additional 2,940 shares in the last quarter. Eclectic Associates Inc. ADV boosted its holdings in Liberty All-Star Equity Fund by 18.5% in the third quarter. Eclectic Associates Inc. ADV now owns 18,955 shares of the closed-end fund’s stock worth $135,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Liberty All-Star Equity Fund by 11.2% in the first quarter. Comerica Bank now owns 33,393 shares of the closed-end fund’s stock worth $239,000 after acquiring an additional 3,355 shares in the last quarter. Hedge funds and other institutional investors 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.