Liberty All-Star Equity Fund (NYSE:USA) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Liberty All-Star Equity Fund shares rose above their 200-day moving average, reaching $6.02 and last trading at $6.0050, compared with a 200-day average of $5.82.
• The fund increased its quarterly dividend to $0.17 per share from $0.15, implying an annualized payout of $0.68 and an 11.3% yield.
• Institutional investors generally increased their positions in the fund during the first quarter, while institutions and hedge funds collectively owned 9.95% of its shares.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.82 and traded as high as $6.02. Liberty All-Star Equity Fund shares last traded at $6.0050, with a volume of 979,596 shares changing hands.

Liberty All-Star Equity Fund Trading Up 0.3%

The firm's fifty day moving average is $5.88 and its 200-day moving average is $5.82.

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced 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 is an increase from Liberty All-Star Equity Fund's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Thursday, July 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USA. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 6.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund's stock valued at $172,000 after acquiring an additional 1,997 shares in the last quarter. Advocate Investing Services LLC increased its holdings in Liberty All-Star Equity Fund by 5.0% in the 1st quarter. Advocate Investing Services LLC now owns 148,369 shares of the closed-end fund's stock worth $823,000 after purchasing an additional 7,121 shares in the last quarter. TrueMark Investments LLC increased its holdings in Liberty All-Star Equity Fund by 5.4% in the 1st quarter. TrueMark Investments LLC now owns 125,376 shares of the closed-end fund's stock worth $696,000 after purchasing an additional 6,384 shares in the last quarter. PMG Family Office LLC increased its holdings in Liberty All-Star Equity Fund by 9.6% in the 1st quarter. PMG Family Office LLC now owns 265,646 shares of the closed-end fund's stock worth $1,474,000 after purchasing an additional 23,253 shares in the last quarter. Finally, Harbour Wealth Management Group Inc. bought a new position in Liberty All-Star Equity Fund in the fourth quarter valued at about $101,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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