Liberty All-Star Equity Fund (NYSE:USA) Hits New 12-Month Low - Here's Why

Key Points

• Liberty All-Star Equity Fund (NYSE:USA) hit a new 52-week low, trading as low as $5.61 and last at $5.5950, remaining below its 50‑day ($6.03) and 200‑day ($6.20) moving averages.
• The fund raised its quarterly dividend to $0.18 (annualized $0.72), implying a 12.8% yield.
• Institutional investors have been adding exposure—notably Readystate Asset Management (1,309,522 shares) and XTX Topco (up 645.8% to 248,062 shares)—with institutions now owning about 9.95% of the fund.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $5.61 and last traded at $5.5950, with a volume of 4191 shares changing hands. The stock had previously closed at $5.63.

Liberty All-Star Equity Fund Stock Performance

The company has a 50 day simple moving average of $6.03 and a two-hundred day simple moving average of $6.20.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, January 22nd. This is a positive change from Liberty All-Star Equity Fund's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 12.8%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. World Investment Advisors boosted its stake in shares of Liberty All-Star Equity Fund by 19.5% during the fourth quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund's stock valued at $92,000 after purchasing an additional 2,375 shares during the period. Sit Investment Associates Inc. purchased a new position in Liberty All-Star Equity Fund in the 4th quarter worth about $1,396,000. Harbour Wealth Management Group Inc. bought a new stake in Liberty All-Star Equity Fund during the 4th quarter valued at about $101,000. XTX Topco Ltd lifted its holdings in Liberty All-Star Equity Fund by 645.8% during the 4th quarter. XTX Topco Ltd now owns 248,062 shares of the closed-end fund's stock valued at $1,558,000 after buying an additional 214,801 shares in the last quarter. Finally, Readystate Asset Management LP boosted its position in Liberty All-Star Equity Fund by 45.8% in the 4th quarter. Readystate Asset Management LP now owns 1,309,522 shares of the closed-end fund's stock valued at $8,224,000 after buying an additional 411,399 shares during the period. Institutional investors own 9.95% of the company's stock.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund NYSE: USA is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.