Liberty All-Star Equity Fund (NYSE:USA) Stock Crosses Above 200-Day Moving Average – Here’s Why

Liberty All-Star Equity Fund (NYSE:USA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Liberty All-Star Equity Fund Stock Performance

The firm’s 50 day moving average is $5.92 and its two-hundred day moving average is $5.82.

Liberty All-Star Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, July 16th were given a dividend of $0.17 per share. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.4%.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in shares of Liberty All-Star Equity Fund by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 143,782 shares of the closed-end fund’s stock worth $942,000 after purchasing an additional 7,907 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the first quarter worth $98,000. Thompson Davis & CO. Inc. bought a new stake in Liberty All-Star Equity Fund during the second quarter valued at about $88,000. Invesco Ltd. boosted its stake in Liberty All-Star Equity Fund by 6.7% during the 2nd quarter. Invesco Ltd. now owns 453,344 shares of the closed-end fund’s stock valued at $3,087,000 after purchasing an additional 28,583 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Liberty All-Star Equity Fund by 20.0% in the second quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock worth $82,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds 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.