Liberty All-Star Equity Fund (NYSE:USA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Liberty All-Star Equity Fund (NYSE:USA) saw unusually-strong trading volume on Monday . Approximately 1,069,197 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 1,269,974 shares.The stock last traded at $5.8750 and had previously closed at $5.81.

Liberty All-Star Equity Fund Price Performance

The firm’s 50 day moving average price is $5.80 and its two-hundred day moving average price is $5.84.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued 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 of this dividend is Thursday, July 16th. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in Liberty All-Star Equity Fund during the 4th quarter worth about $37,000. Fifth Third Bancorp purchased a new position in Liberty All-Star Equity Fund during the 1st quarter valued at about $44,000. Canal Capital Management LLC bought a new stake in shares of Liberty All-Star Equity Fund during the first quarter valued at about $60,000. Three Magnolias Financial Advisors LLC increased its position in shares of 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 valued at $69,000 after buying an additional 2,500 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Liberty All-Star Equity Fund in the fourth quarter worth about $71,000. 9.95% of the stock is owned by institutional investors.

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.