Liberty All-Star Equity Fund (NYSE:USA) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.89 and traded as high as $6.00. Liberty All-Star Equity Fund shares last traded at $5.9650, with a volume of 1,506,552 shares changing hands.

Liberty All-Star Equity Fund Stock Down 3.1%

The firm has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.89.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, July 16th will be 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Thursday, July 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Rivernorth Capital Management LLC boosted its stake in Liberty All-Star Equity Fund by 179.0% during the fourth 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 in the last quarter. Raymond James Financial Inc. raised its stake in shares of Liberty All-Star Equity Fund by 27.7% in the 3rd quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock valued at $25,962,000 after buying an additional 889,061 shares in the last quarter. Absolute Investment Advisers LLC lifted its holdings in shares of 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 acquiring an additional 2,330,028 shares during the period. Royal Bank of Canada lifted its holdings in shares of Liberty All-Star Equity Fund by 15.0% during the 1st quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock worth $12,604,000 after acquiring an additional 296,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 valued at $11,865,000 after acquiring an additional 54,193 shares in the last quarter. 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.