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

Shares of Liberty All-Star Equity Fund (NYSE:USA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.83 and traded as high as $6.05. Liberty All-Star Equity Fund shares last traded at $6.04, with a volume of 1,272,554 shares.

Liberty All-Star Equity Fund Price Performance

The company has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.83.

Liberty All-Star Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 11.2%. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 16th.

Institutional Trading of Liberty All-Star Equity Fund

A number of large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Liberty All-Star Equity Fund in the fourth quarter valued at approximately $37,000. Fifth Third Bancorp acquired a new position in Liberty All-Star Equity Fund in the 1st quarter valued at $44,000. Investmark Advisory Group LLC purchased a new position in shares of Liberty All-Star Equity Fund during the 2nd quarter worth $62,000. Canal Capital Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the first quarter worth $60,000. Finally, Choreo LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the fourth quarter worth $71,000. Institutional investors and hedge funds own 9.95% of the company’s stock.

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.