Liberty All-Star Equity Fund (NYSE:USA) Stock Passes Above 200 Day Moving Average of $6.44

Shares of Liberty All-Star Equity Fund (NYSE:USA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.44 and traded as high as $6.91. Liberty All-Star Equity Fund shares last traded at $6.76, with a volume of 1,119,866 shares changing hands.

Liberty All-Star Equity Fund Trading Down 1.0 %

The stock’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.44.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.72 annualized dividend and a yield of 10.65%. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Insiders Place Their Bets

In related news, insider Edmund J. Burke bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $7.09 per share, for a total transaction of $28,360.00. Following the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at $46,085. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USA. Raymond James & Associates grew its holdings in shares of Liberty All-Star Equity Fund by 7.2% during the first quarter. Raymond James & Associates now owns 454,492 shares of the closed-end fund’s stock valued at $3,672,000 after buying an additional 30,533 shares during the last quarter. HighTower Advisors LLC acquired a new position in Liberty All-Star Equity Fund during the 1st quarter valued at about $119,000. Cetera Investment Advisers increased its holdings in Liberty All-Star Equity Fund by 18.7% during the 1st quarter. Cetera Investment Advisers now owns 36,862 shares of the closed-end fund’s stock worth $298,000 after purchasing an additional 5,820 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Liberty All-Star Equity Fund by 29.3% in the first quarter. NewEdge Advisors LLC now owns 113,480 shares of the closed-end fund’s stock worth $917,000 after purchasing an additional 25,691 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Liberty All-Star Equity Fund by 87.4% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,310 shares of the closed-end fund’s stock valued at $34,000 after purchasing an additional 2,010 shares in the last quarter. 9.95% of the stock is owned by institutional investors.

Liberty All-Star Equity Fund Company Profile

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.