Liberty All-Star Equity Fund (USA) To Go Ex-Dividend on April 16th

Liberty All-Star Equity Fund (NYSE:USA) announced a quarterly dividend on Monday, April 6th. Shareholders of record on Thursday, April 16th will be paid a dividend of 0.15 per share by the closed-end fund on Monday, June 1st. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Thursday, April 16th.

Liberty All-Star Equity Fund Stock Performance

Shares of USA stock opened at $5.58 on Wednesday. The company’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $6.10. Liberty All-Star Equity Fund has a 52 week low of $5.40 and a 52 week high of $6.96.

Institutional Trading of Liberty All-Star Equity Fund

Several hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its holdings in Liberty All-Star Equity Fund by 179.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after buying an additional 3,613,785 shares during the period. Raymond James Financial Inc. raised its holdings in Liberty All-Star Equity Fund by 27.7% during the 3rd quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock worth $25,962,000 after buying an additional 889,061 shares during the period. Absolute Investment Advisers LLC raised its holdings in Liberty All-Star Equity Fund by 632.3% during the 4th quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock worth $17,109,000 after buying an additional 2,330,028 shares during the period. Ameriprise Financial Inc. raised its holdings in Liberty All-Star Equity Fund by 3.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,742,069 shares of the closed-end fund’s stock worth $11,865,000 after buying an additional 54,193 shares during the period. Finally, 1607 Capital Partners LLC raised its holdings in Liberty All-Star Equity Fund by 115.5% during the 4th quarter. 1607 Capital Partners LLC now owns 1,353,935 shares of the closed-end fund’s stock worth $8,503,000 after buying an additional 725,531 shares during the period. 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.