Liberty All-Star Equity Fund (NYSE:USA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.04 and traded as high as $7.17. Liberty All-Star Equity Fund shares last traded at $7.17, with a volume of 376,003 shares changing hands.

Liberty All-Star Equity Fund Stock Up 0.2 %

The business’s 50 day simple moving average is $7.13 and its 200-day simple moving average is $7.04.

Liberty All-Star Equity Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.49%.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crews Bank & Trust bought a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at about $50,000. Meridian Wealth Management LLC bought a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at about $77,000. Apollon Wealth Management LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $82,000. Golden State Wealth Management LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $94,000. Finally, Mutual Advisors LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $98,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

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.