Liberty All-Star Equity Fund (NYSE:USA – Get Free Report) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.91 and traded as high as $5.96. Liberty All-Star Equity Fund shares last traded at $5.9450, with a volume of 1,357,936 shares trading hands.
Liberty All-Star Equity Fund Trading Up 0.8%
The business has a 50 day simple moving average of $5.91 and a two-hundred day simple moving average of $5.86.
Liberty All-Star Equity Fund Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Thursday, November 12th.
Institutional Trading of Liberty All-Star Equity Fund
A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in Liberty All-Star Equity Fund by 1.9% in the 1st quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund’s stock worth $984,000 after buying an additional 3,281 shares during the period. RFG Advisory LLC grew its stake 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 worth $117,000 after acquiring an additional 3,292 shares during the last quarter. Flynn Zito Capital Management LLC increased its position in Liberty All-Star Equity Fund by 2.5% during the first quarter. Flynn Zito Capital Management LLC now owns 157,158 shares of the closed-end fund’s stock worth $872,000 after acquiring an additional 3,848 shares during the period. Fifth Third Bancorp bought a new position in Liberty All-Star Equity Fund during the first quarter worth $44,000. Finally, Investmark Advisory Group LLC acquired a new position in Liberty All-Star Equity Fund during the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 9.95% of the company’s stock.
Liberty All-Star Equity Fund Company Profile
Liberty All-Star Equity Fund is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded equity securities.
The fund uses a multi-manager investment approach, combining separate investment styles and portfolio management teams. Its portfolio generally includes common stocks of companies across a range of industries and market sectors, with an emphasis on businesses headquartered or operating in the United States.
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