Liberty All-Star Equity Fund (NYSE:USA) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Liberty All-Star Equity Fund (NYSE:USA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.05 and traded as high as $7.12. Liberty All-Star Equity Fund shares last traded at $7.04, with a volume of 530,727 shares trading hands.

Liberty All-Star Equity Fund Trading Down 0.8 %

The business has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $7.05.

Liberty All-Star Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 9.66%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Trading of Liberty All-Star Equity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Crews Bank & Trust acquired a new position in shares of Liberty All-Star Equity Fund in the 4th quarter valued at about $50,000. Independent Advisor Alliance bought a new position in Liberty All-Star Equity Fund in the fourth quarter worth about $70,000. Meridian Wealth Management LLC acquired a new position in Liberty All-Star Equity Fund in the third quarter valued at approximately $77,000. Apollon Wealth Management LLC bought a new position in shares of Liberty All-Star Equity Fund during the fourth quarter valued at approximately $82,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter worth approximately $94,000. 9.95% of the stock is owned by institutional investors and hedge funds.

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.