Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.82 and traded as high as $6.08. Liberty All-Star Equity Fund shares last traded at $6.0250, with a volume of 774,968 shares.
Liberty All-Star Equity Fund Stock Up 0.2%
The company's fifty day moving average price is $5.86 and its 200 day moving average price is $5.82.
Liberty All-Star Equity Fund Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Thursday, July 16th. This is a positive change from Liberty All-Star Equity Fund's previous quarterly dividend of $0.15.
Hedge Funds Weigh In On Liberty All-Star Equity Fund
Several hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC lifted its holdings in Liberty All-Star Equity Fund by 179.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund's stock worth $35,372,000 after acquiring an additional 3,613,785 shares during the period. Absolute Investment Advisers LLC grew its stake in Liberty All-Star Equity Fund by 632.3% in the 4th quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund's stock valued at $17,109,000 after purchasing an additional 2,330,028 shares during the period. Quarry LP bought a new position in Liberty All-Star Equity Fund in the 4th quarter valued at $6,705,000. Raymond James Financial Inc. increased its position in shares of Liberty All-Star Equity Fund by 27.7% during the 3rd quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund's stock valued at $25,962,000 after purchasing an additional 889,061 shares during the last quarter. Finally, Almitas Capital LLC purchased a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter valued at $5,053,000. Institutional investors own 9.95% of the company's stock.
About Liberty All-Star Equity Fund
(
Get Free Report)
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.
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