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

Liberty All-Star Equity Fund (NYSE:USA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.82 and traded as high as $6.08. Liberty All-Star Equity Fund shares last traded at $6.0250, with a volume of 774,968 shares changing hands.

Liberty All-Star Equity Fund Trading Up 1.0%

The business’s 50-day moving average price is $5.86 and its 200-day moving average price is $5.82.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Thursday, July 16th. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Institutional Trading of Liberty All-Star Equity Fund

Several hedge funds have recently modified their holdings of USA. Global Retirement Partners LLC purchased a new position in Liberty All-Star Equity Fund in the fourth quarter valued at about $37,000. Fifth Third Bancorp acquired a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter worth approximately $44,000. Canal Capital Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund in the 1st quarter worth approximately $60,000. Investmark Advisory Group LLC purchased a new position in Liberty All-Star Equity Fund in the 2nd quarter valued at approximately $62,000. Finally, Three Magnolias Financial Advisors LLC raised its holdings in Liberty All-Star Equity Fund by 25.0% during 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 last quarter. 9.95% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Equity Fund Company Profile

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.