Liberty All-Star Equity Fund (NYSE:USA) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.85 and traded as high as $5.99. Liberty All-Star Equity Fund shares last traded at $5.9550, with a volume of 1,257,665 shares trading hands.

Liberty All-Star Equity Fund Stock Down 0.4%

The stock’s 50 day moving average is $5.91 and its 200-day moving average is $5.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USA. RFG Advisory LLC raised its holdings in 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 worth $117,000 after purchasing an additional 3,292 shares during the period. Readystate Asset Management LP bought a new stake in Liberty All-Star Equity Fund in the 2nd quarter worth approximately $316,000. Wedbush Securities Inc. raised its stake in Liberty All-Star Equity Fund by 11.0% during the second quarter. Wedbush Securities Inc. now owns 167,727 shares of the closed-end fund’s stock valued at $974,000 after purchasing an additional 16,618 shares in the last quarter. Ancora Advisors LLC bought a new stake in Liberty All-Star Equity Fund during the second quarter worth approximately $109,000. Finally, Investmark Advisory Group LLC bought a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at approximately $62,000. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Company Profile

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 equity securities.

The fund uses a multi-manager investment approach, combining separate investment styles and portfolio management teams. Its portfolio generally includes common stocks of companies across a range of industries and market sectors, with an emphasis on businesses headquartered or operating in the United States.