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

Key Points

• Liberty All-Star Equity Fund shares moved above their 200-day moving average of $5.83, reaching $5.95 before last trading at $5.9350 on volume of 795,664 shares.
• Several institutional investors increased their positions, including Three Magnolias Financial Advisors, World Investment Advisors and RFG Advisory; institutional ownership stands at 9.95%.
• Liberty All-Star Equity Fund is a diversified closed-end fund that seeks long-term capital appreciation and current income through a multi-manager portfolio of publicly traded U.S. equities.

Shares of Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $5.83 and traded as high as $5.95. Liberty All-Star Equity Fund shares last traded at $5.9350, with a volume of 795,664 shares.

Liberty All-Star Equity Fund Price Performance

The stock has a 50-day simple moving average of $5.93 and a 200-day simple moving average of $5.83.

Institutional Trading of Liberty All-Star Equity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in USA. Onyx Bridge Wealth Group LLC increased its stake in Liberty All-Star Equity Fund by 6.9% during the first quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund's stock valued at $172,000 after purchasing an additional 1,997 shares during the last quarter. World Investment Advisors lifted its position in shares of Liberty All-Star Equity Fund by 19.5% in the 4th quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund's stock worth $92,000 after buying an additional 2,375 shares during the last quarter. Three Magnolias Financial Advisors LLC lifted its position in shares of Liberty All-Star Equity Fund by 25.0% in the 1st quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund's stock worth $69,000 after buying an additional 2,500 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Liberty All-Star Equity Fund by 1.9% in the 1st quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund's stock worth $984,000 after buying an additional 3,281 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 19.5% in the 2nd quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund's stock valued at $117,000 after buying an additional 3,292 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 is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded U.S. equities.

The fund uses a multi-manager investment structure, with different investment managers applying distinct strategies to portions of the portfolio. These strategies may include investments in large-, mid- and small-capitalization companies across a range of industries.

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