Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $6.27 and last traded at $6.29, with a volume of 17853 shares traded. The stock had previously closed at $6.40.
Liberty All-Star Equity Fund Trading Up 5.6 %
The company's 50-day simple moving average is $6.74 and its 200-day simple moving average is $7.01.
Liberty All-Star Equity Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, January 24th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date was Friday, January 24th.
Institutional Trading of Liberty All-Star Equity Fund
Several institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new stake in Liberty All-Star Equity Fund in the 3rd quarter valued at $300,000. Stifel Financial Corp lifted its stake in shares of Liberty All-Star Equity Fund by 23.8% during the 3rd quarter. Stifel Financial Corp now owns 118,413 shares of the closed-end fund's stock worth $841,000 after buying an additional 22,727 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the 3rd quarter worth about $176,000. RB Capital Management LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 2.9% during the 3rd quarter. RB Capital Management LLC now owns 143,621 shares of the closed-end fund's stock worth $1,020,000 after buying an additional 4,046 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Liberty All-Star Equity Fund by 15.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 17,507 shares of the closed-end fund's stock valued at $122,000 after buying an additional 2,393 shares during the last quarter. Institutional investors own 9.95% of the company's stock.
About Liberty All-Star Equity Fund
(
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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.
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