Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above Two Hundred Day Moving Average of $6.47

Liberty All-Star Equity Fund (NYSE:USA)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.47 and traded as high as $6.69. Liberty All-Star Equity Fund shares last traded at $6.65, with a volume of 569,663 shares changing hands.

Liberty All-Star Equity Fund Stock Down 1.0 %

The company’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $6.47.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.83%. The ex-dividend date is Thursday, April 18th. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Insider Buying and Selling at Liberty All-Star Equity Fund

In related news, insider Edmund J. Burke acquired 4,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $7.09 per share, with a total value of $28,360.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Several large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in Liberty All-Star Equity Fund by 93.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock valued at $26,000 after purchasing an additional 1,996 shares in the last quarter. Principal Securities Inc. acquired a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at $27,000. WealthPlan Investment Management LLC acquired a new stake in Liberty All-Star Equity Fund in the third quarter valued at $63,000. Merit Financial Group LLC acquired a new stake in Liberty All-Star Equity Fund in the third quarter valued at $64,000. Finally, TIAA Trust National Association acquired a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at $66,000. Institutional investors own 9.95% of the company’s stock.

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.