Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Liberty All-Star Equity Fund shares broke above their 200-day moving average, reaching $6.02 before last trading at $5.98, compared with the moving average of $5.82.
• The fund increased its quarterly dividend to $0.17 per share from $0.15, implying annualized dividends of $0.68 and a yield of approximately 11.4%.
• Institutional investors made several recent purchases, while institutional ownership stands at 9.95% of the fund’s shares.

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . 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 $5.98, with a volume of 752,222 shares traded.

Liberty All-Star Equity Fund Stock Performance

The business's 50 day simple moving average is $5.92 and its two-hundred day simple moving average is $5.82.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, July 16th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This is an increase from Liberty All-Star Equity Fund's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 11.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP purchased a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at about $316,000. Wedbush Securities Inc. boosted its holdings in shares of Liberty All-Star Equity Fund by 11.0% in the second quarter. Wedbush Securities Inc. now owns 167,727 shares of the closed-end fund's stock worth $974,000 after buying an additional 16,618 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Liberty All-Star Equity Fund in the second quarter worth approximately $109,000. Investmark Advisory Group LLC bought a new stake in Liberty All-Star Equity Fund during the second quarter valued at approximately $62,000. Finally, NewEdge Advisors LLC grew its position in Liberty All-Star Equity Fund by 1.9% during the first quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund's stock valued at $984,000 after buying an additional 3,281 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.

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