Liberty All-Star Equity Fund (NYSE:USA) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Liberty All-Star Equity Fund (NYSE:USA)’s stock 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.

Liberty All-Star Equity Fund Price Performance

The firm has a 50-day moving average price of $7.13 and a 200 day moving average price of $7.04.

Liberty All-Star Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 9.54%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

A number of institutional investors have recently modified their holdings of USA. Crews Bank & Trust acquired a new position in Liberty All-Star Equity Fund in the fourth quarter valued at approximately $50,000. Meridian Wealth Management LLC acquired a new position in Liberty All-Star Equity Fund during the 3rd quarter valued at approximately $77,000. Apollon Wealth Management LLC bought a new position in Liberty All-Star Equity Fund during the 4th quarter worth $82,000. Golden State Wealth Management LLC acquired a new stake in Liberty All-Star Equity Fund in the fourth quarter worth $94,000. Finally, Mutual Advisors LLC bought a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at $98,000. Institutional investors own 9.95% of the company’s stock.

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.