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

Liberty All-Star Equity Fund (NYSE:USA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Liberty All-Star Equity Fund Stock Performance

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

Liberty All-Star Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, July 16th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.4%. 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USA. Global Retirement Partners LLC bought a new position in shares of Liberty All-Star Equity Fund during the 4th quarter valued at approximately $37,000. Fifth Third Bancorp bought a new stake in Liberty All-Star Equity Fund during the 1st quarter worth approximately $44,000. Canal Capital Management LLC purchased a new position in Liberty All-Star Equity Fund during the first quarter valued at approximately $60,000. Investmark Advisory Group LLC purchased a new position in Liberty All-Star Equity Fund during the second quarter valued at approximately $62,000. Finally, Three Magnolias Financial Advisors LLC boosted its position in shares of Liberty All-Star Equity Fund by 25.0% in the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 2,500 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 (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.