Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above Two Hundred Day Moving Average of $6.50

Shares of Liberty All-Star Equity Fund (NYSE:USA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.50 and traded as high as $6.78. Liberty All-Star Equity Fund shares last traded at $6.77, with a volume of 839,069 shares trading hands.

Liberty All-Star Equity Fund Trading Up 1.3 %

The stock’s fifty day moving average price is $6.88 and its 200-day moving average price is $6.51.

Liberty All-Star Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.62%. This is a positive change from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Insider Activity

In related news, insider Edmund J. Burke acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $7.09 per share, with a total value of $28,360.00. Following the completion of the transaction, the insider now owns 6,500 shares of the company’s stock, valued at approximately $46,085. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in Liberty All-Star Equity Fund by 7.7% during the third quarter. LPL Financial LLC now owns 2,326,700 shares of the closed-end fund’s stock valued at $13,774,000 after purchasing an additional 166,860 shares in the last quarter. Bensler LLC grew its position in Liberty All-Star Equity Fund by 7.9% during the fourth quarter. Bensler LLC now owns 1,399,707 shares of the closed-end fund’s stock valued at $8,930,000 after purchasing an additional 102,438 shares in the last quarter. Advisors Asset Management Inc. grew its position in Liberty All-Star Equity Fund by 0.5% during the third quarter. Advisors Asset Management Inc. now owns 956,730 shares of the closed-end fund’s stock valued at $5,664,000 after purchasing an additional 4,893 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Liberty All-Star Equity Fund by 16.9% in the first quarter. Janney Montgomery Scott LLC now owns 846,492 shares of the closed-end fund’s stock worth $6,052,000 after acquiring an additional 122,205 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Liberty All-Star Equity Fund by 4.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 668,840 shares of the closed-end fund’s stock worth $3,960,000 after acquiring an additional 30,124 shares in the last quarter. 9.95% of the stock is owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.