Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) announced a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.18 per share by the closed-end fund on Monday, June 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date is Thursday, April 18th. This is a boost from Liberty All-Star Equity Fund's previous quarterly dividend of $0.17.
Liberty All-Star Equity Fund has decreased its dividend payment by an average of 1.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Liberty All-Star Equity Fund Stock Performance
NYSE USA traded down $0.02 during mid-day trading on Tuesday, reaching $7.09. 731,632 shares of the stock were exchanged, compared to its average volume of 850,817. The business's 50 day moving average is $6.83 and its 200-day moving average is $6.40. Liberty All-Star Equity Fund has a 1 year low of $5.62 and a 1 year high of $7.18.
Insider Buying and Selling at Liberty All-Star Equity Fund
In related news, insider Edmund J. Burke acquired 4,000 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $7.09 per share, with a total value of $28,360.00. Following the completion of the acquisition, the insider now directly owns 6,500 shares in the company, valued at approximately $46,085. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company's stock.
Institutional Investors Weigh In On Liberty All-Star Equity Fund
A number of hedge funds have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Liberty All-Star Equity Fund by 87.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,310 shares of the closed-end fund's stock worth $34,000 after purchasing an additional 2,010 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Liberty All-Star Equity Fund in the second quarter valued at approximately $42,000. Retirement Group LLC purchased a new position in shares of Liberty All-Star Equity Fund in the second quarter valued at approximately $53,000. Carolinas Wealth Consulting LLC lifted its stake in Liberty All-Star Equity Fund by 53.5% in the first quarter. Carolinas Wealth Consulting LLC now owns 8,586 shares of the closed-end fund's stock worth $53,000 after acquiring an additional 2,991 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Liberty All-Star Equity Fund in the first quarter worth approximately $85,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.
Liberty All-Star Equity Fund Company Profile
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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.
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