Liberty All-Star Equity Fund (NYSE:USA) Shares Pass Above 200 Day Moving Average of $6.63

Liberty All-Star Equity Fund (NYSE:USAGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.63 and traded as high as $6.74. Liberty All-Star Equity Fund shares last traded at $6.72, with a volume of 908,554 shares.

Liberty All-Star Equity Fund Price Performance

The stock’s 50-day moving average price is $6.82 and its 200-day moving average price is $6.63.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, April 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 10.71%.

Insider Activity at Liberty All-Star Equity Fund

In related news, insider Edmund J. Burke bought 4,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $7.09 per share, with a total value of $28,360.00. Following the purchase, the insider now owns 6,500 shares in the company, valued at $46,085. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in shares of Liberty All-Star Equity Fund by 10.5% during the third quarter. Atria Wealth Solutions Inc. now owns 127,232 shares of the closed-end fund’s stock worth $753,000 after purchasing an additional 12,100 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 3.8% during the third quarter. Janney Montgomery Scott LLC now owns 736,715 shares of the closed-end fund’s stock worth $4,361,000 after purchasing an additional 26,861 shares during the period. D.A. Davidson & CO. lifted its stake in Liberty All-Star Equity Fund by 7.1% in the third quarter. D.A. Davidson & CO. now owns 166,426 shares of the closed-end fund’s stock valued at $985,000 after acquiring an additional 11,059 shares during the last quarter. UBS Group AG lifted its stake in Liberty All-Star Equity Fund by 7.8% in the third quarter. UBS Group AG now owns 461,658 shares of the closed-end fund’s stock valued at $2,733,000 after acquiring an additional 33,280 shares during the last quarter. Finally, WealthPlan Investment Management LLC acquired a new stake in Liberty All-Star Equity Fund in the third quarter valued at approximately $63,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

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Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.

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