Liberty All-Star Equity Fund (NYSE:USA) Sets New 12-Month Low – Should You Sell?

Liberty All-Star Equity Fund (NYSE:USA) shares hit a new 52-week low on Friday . The company traded as low as $5.62 and last traded at $5.6250, with a volume of 995073 shares changing hands. The stock had previously closed at $5.68.

Liberty All-Star Equity Fund Stock Performance

The company’s 50-day moving average price is $6.07 and its 200-day moving average price is $6.22.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd were issued a dividend of $0.18 per share. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 12.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. David J Yvars Group lifted its stake in Liberty All-Star Equity Fund by 21.0% during the third quarter. David J Yvars Group now owns 32,874 shares of the closed-end fund’s stock worth $208,000 after purchasing an additional 5,695 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Liberty All-Star Equity Fund by 11.6% in the third quarter. CoreCap Advisors LLC now owns 19,566 shares of the closed-end fund’s stock valued at $124,000 after purchasing an additional 2,037 shares in the last quarter. D.A. Davidson & CO. increased its stake in Liberty All-Star Equity Fund by 15.2% in the third quarter. D.A. Davidson & CO. now owns 210,859 shares of the closed-end fund’s stock valued at $1,337,000 after purchasing an additional 27,771 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Liberty All-Star Equity Fund by 7.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 117,340 shares of the closed-end fund’s stock worth $744,000 after purchasing an additional 7,648 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in Liberty All-Star Equity Fund by 62.7% during the third quarter. Shaker Financial Services LLC now owns 1,307,623 shares of the closed-end fund’s stock worth $8,290,000 after purchasing an additional 503,698 shares in the last quarter. 9.95% of the stock is 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.