Liberty All-Star Equity Fund (NYSE:USA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.04 and traded as high as $7.17. Liberty All-Star Equity Fund shares last traded at $7.17, with a volume of 376,003 shares changing hands.
Liberty All-Star Equity Fund Trading Down 0.8 %
The firm's 50-day moving average price is $7.13 and its 200-day moving average price is $7.04.
Liberty All-Star Equity Fund Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 24th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date is Friday, January 24th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of USA. Raymond James & Associates grew its holdings in shares of Liberty All-Star Equity Fund by 167.3% in the third quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund's stock valued at $11,954,000 after purchasing an additional 1,053,725 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Liberty All-Star Equity Fund by 628.6% during the third quarter. International Assets Investment Management LLC now owns 147,987 shares of the closed-end fund's stock worth $1,051,000 after buying an additional 127,677 shares during the period. Janney Montgomery Scott LLC boosted its stake in Liberty All-Star Equity Fund by 10.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,013,472 shares of the closed-end fund's stock worth $7,044,000 after buying an additional 95,424 shares during the period. PNC Financial Services Group Inc. boosted its stake in Liberty All-Star Equity Fund by 21.2% during the third quarter. PNC Financial Services Group Inc. now owns 453,339 shares of the closed-end fund's stock worth $3,219,000 after buying an additional 79,288 shares during the period. Finally, Mezzasalma Advisors LLC purchased a new position in Liberty All-Star Equity Fund during the fourth quarter worth $479,000. 9.95% of the stock is owned by hedge funds and other institutional investors.
Liberty All-Star Equity Fund Company Profile
(
Get Free Report)
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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