Liberty All-Star Equity Fund (NYSE:USA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.91 and traded as high as $5.96. Liberty All-Star Equity Fund shares last traded at $5.9450, with a volume of 1,357,936 shares.

Liberty All-Star Equity Fund Stock Up 0.8%

The firm’s 50 day moving average is $5.91 and its two-hundred day moving average is $5.86.

Liberty All-Star Equity Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Thursday, November 12th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Thursday, November 12th.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in USA. NewEdge Advisors LLC raised its position in shares of Liberty All-Star Equity Fund by 1.9% during the first quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund’s stock worth $984,000 after purchasing an additional 3,281 shares during the period. RFG Advisory LLC boosted its stake in shares of Liberty All-Star Equity Fund by 19.5% during the second quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock valued at $117,000 after purchasing an additional 3,292 shares in the last quarter. Flynn Zito Capital Management LLC raised its stake in shares of Liberty All-Star Equity Fund by 2.5% during the 1st quarter. Flynn Zito Capital Management LLC now owns 157,158 shares of the closed-end fund’s stock valued at $872,000 after buying an additional 3,848 shares during the last quarter. Fifth Third Bancorp acquired a new position in Liberty All-Star Equity Fund in the 1st quarter valued at about $44,000. Finally, Investmark Advisory Group LLC acquired a new position in shares of Liberty All-Star Equity Fund in the 2nd quarter valued at $62,000. Institutional investors own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded equity securities.

The fund uses a multi-manager investment approach, combining separate investment styles and portfolio management teams. Its portfolio generally includes common stocks of companies across a range of industries and market sectors, with an emphasis on businesses headquartered or operating in the United States.