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

Liberty All-Star Equity Fund (NYSE:USA)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Performance

The stock has a 50 day simple moving average of $7.13 and a 200 day simple moving average of $7.04.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Friday, January 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in Liberty All-Star Equity Fund by 167.3% during the 3rd quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund’s stock worth $11,954,000 after buying an additional 1,053,725 shares during the period. International Assets Investment Management LLC increased its position in shares of Liberty All-Star Equity Fund by 628.6% during the third quarter. International Assets Investment Management LLC now owns 147,987 shares of the closed-end fund’s stock worth $1,051,000 after acquiring an additional 127,677 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Liberty All-Star Equity Fund by 10.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,013,472 shares of the closed-end fund’s stock worth $7,044,000 after acquiring an additional 95,424 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Liberty All-Star Equity Fund by 21.2% in the third quarter. PNC Financial Services Group Inc. now owns 453,339 shares of the closed-end fund’s stock valued at $3,219,000 after purchasing an additional 79,288 shares during the last quarter. Finally, Mezzasalma Advisors LLC purchased a new position in Liberty All-Star Equity Fund in the fourth quarter valued at about $479,000. 9.95% of the stock is 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.