Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.69 and traded as high as $6.78. Liberty All-Star Equity Fund shares last traded at $6.76, with a volume of 564,555 shares changing hands.
Liberty All-Star Equity Fund Price Performance
The company has a fifty day simple moving average of $6.74 and a 200-day simple moving average of $6.70.
Liberty All-Star Equity Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, April 19th were issued a $0.18 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 10.62%. This is a boost from Liberty All-Star Equity Fund's previous quarterly dividend of $0.17.
Hedge Funds Weigh In On Liberty All-Star Equity Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in shares of Liberty All-Star Equity Fund by 3.7% during the 4th quarter. Raymond James & Associates now owns 460,116 shares of the closed-end fund's stock valued at $2,936,000 after acquiring an additional 16,583 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Liberty All-Star Equity Fund by 18.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 549,471 shares of the closed-end fund's stock valued at $3,506,000 after acquiring an additional 84,919 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of Liberty All-Star Equity Fund during the 4th quarter valued at $66,000. Bensler LLC grew its holdings in shares of Liberty All-Star Equity Fund by 7.9% during the 4th quarter. Bensler LLC now owns 1,399,707 shares of the closed-end fund's stock valued at $8,930,000 after acquiring an additional 102,438 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Liberty All-Star Equity Fund by 10.8% during the 4th quarter. CoreCap Advisors LLC now owns 56,899 shares of the closed-end fund's stock valued at $363,000 after acquiring an additional 5,525 shares in the last quarter. 9.95% of the stock is currently owned by hedge funds and other institutional investors.
Liberty All-Star Equity Fund Company Profile
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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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