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

Liberty All-Star Equity Fund (NYSE:USA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.81 and traded as high as $5.92. Liberty All-Star Equity Fund shares last traded at $5.90, with a volume of 804,073 shares changing hands.

Liberty All-Star Equity Fund Stock Down 0.8%

The stock has a 50 day simple moving average of $5.92 and a two-hundred day simple moving average of $5.81.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $0.68 annualized dividend and a yield of 11.6%. 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

A number of institutional investors have recently modified their holdings of the business. Onyx Bridge Wealth Group LLC raised its position in shares of Liberty All-Star Equity Fund by 6.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock worth $172,000 after purchasing an additional 1,997 shares during the last quarter. World Investment Advisors increased its position in Liberty All-Star Equity Fund by 19.5% during the fourth quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock worth $92,000 after buying an additional 2,375 shares in the last quarter. Three Magnolias Financial Advisors LLC increased its position 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 buying an additional 2,500 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Liberty All-Star Equity Fund by 1.9% in the first quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund’s stock worth $984,000 after acquiring an additional 3,281 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in shares of Liberty All-Star Equity Fund by 19.5% in the second quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock valued at $117,000 after acquiring an additional 3,292 shares in the last quarter. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (NYSE: USA) is a diversified closed-end investment company that seeks long-term capital growth and income by investing primarily in the common stocks of U.S. companies. The fund provides investors with a professionally managed portfolio of equity securities across multiple industries and sectors.

The fund uses a multi-manager investment structure, allocating assets among independent investment management firms with different styles and approaches. This structure is designed to combine growth-oriented and value-oriented strategies while providing exposure to companies of varying sizes and business characteristics.