Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.00 and traded as high as $7.08. Liberty All-Star Equity Fund shares last traded at $7.00, with a volume of 614,941 shares.

Liberty All-Star Equity Fund Stock Down 1.0 %

The company’s fifty day moving average is $7.20 and its two-hundred day moving average is $7.00.

Liberty All-Star Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 10.29%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Several hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its position in shares of Liberty All-Star Equity Fund by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 160,495 shares of the closed-end fund’s stock worth $1,140,000 after buying an additional 1,565 shares during the period. Private Advisor Group LLC grew its holdings in Liberty All-Star Equity Fund by 0.7% during 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 period. J.W. Cole Advisors Inc. increased its stake 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 valued at $396,000 after purchasing an additional 1,935 shares in the last quarter. Creative Planning raised 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 purchasing an additional 2,940 shares during the period. Finally, Eclectic Associates Inc. ADV boosted its position in shares of Liberty All-Star Equity Fund by 18.5% during the third quarter. Eclectic Associates Inc. ADV now owns 18,955 shares of the closed-end fund’s stock worth $135,000 after purchasing an additional 2,962 shares in the last quarter. Institutional investors and hedge funds 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.