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

Key Points

• Liberty All-Star Equity Fund shares moved above their 200-day moving average, reaching $5.92 and last trading at $5.90 on volume of 804,073 shares.
• The fund increased its quarterly dividend to $0.17 per share, or $0.68 annualized, implying an 11.5% yield based on the article’s figures.
• Institutional investors increased their positions, while hedge funds and other institutions collectively owned 9.95% of the fund.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.81 and traded as high as $5.92. Liberty All-Star Equity Fund shares last traded at $5.90, with a volume of 804,073 shares changing hands.

Liberty All-Star Equity Fund Price Performance

The stock has a 50 day moving average price of $5.92 and a 200-day moving average price of $5.81.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date was Thursday, July 16th. This is an increase from Liberty All-Star Equity Fund's previous quarterly dividend of $0.15.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of large investors have recently modified their holdings of USA. Wealth Effects LLC purchased a new stake in Liberty All-Star Equity Fund during the 1st quarter valued at about $412,000. TrueMark Investments LLC lifted its stake 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 boosted its holdings in shares of Liberty All-Star Equity Fund by 9.6% during 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 during the last quarter. Evolve Private Wealth LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 75.7% during the 1st quarter. Evolve Private Wealth LLC now owns 46,460 shares of the closed-end fund's stock worth $258,000 after purchasing an additional 20,024 shares during the last quarter. Finally, World Investment Advisors grew its position in shares of Liberty All-Star Equity Fund by 19.5% in 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 in the last quarter. Hedge funds and other institutional investors own 9.95% of the company's stock.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund NYSE: USA is a diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.

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