Liberty All-Star Equity Fund (NYSE:USA) Reaches New 12-Month High at $7.15


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Liberty All-Star Equity Fund (NYSE:USA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.15 and last traded at $7.15, with a volume of 4075 shares. The stock had previously closed at $7.12.

The firm’s fifty day moving average price is $6.81 and its two-hundred day moving average price is $6.23.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 8th. Stockholders of record on Friday, January 22nd will be paid a dividend of $0.19 per share. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, January 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.63%.

In other Liberty All-Star Equity Fund news, insider Thomas W. Brock bought 5,000 shares of Liberty All-Star Equity Fund stock in a transaction dated Wednesday, December 2nd. The stock was acquired at an average cost of $6.68 per share, with a total value of $33,400.00. Following the purchase, the insider now directly owns 85,000 shares in the company, valued at approximately $567,800. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas W. Brock purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $6.45 per share, with a total value of $161,250.00. Following the completion of the transaction, the insider now directly owns 80,000 shares of the company’s stock, valued at approximately $516,000. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of USA. Orion Portfolio Solutions LLC purchased a new position in Liberty All-Star Equity Fund in the 2nd quarter valued at approximately $29,000. CWM LLC increased its position in Liberty All-Star Equity Fund by 492.0% in the third quarter. CWM LLC now owns 5,340 shares of the closed-end fund’s stock worth $32,000 after buying an additional 4,438 shares during the period. AdvisorNet Financial Inc increased its position in Liberty All-Star Equity Fund by 122.0% in the second quarter. AdvisorNet Financial Inc now owns 9,100 shares of the closed-end fund’s stock worth $52,000 after buying an additional 5,000 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Liberty All-Star Equity Fund in the third quarter worth $64,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Liberty All-Star Equity Fund in the third quarter worth $64,000. Institutional investors and hedge funds own 11.68% of the company’s stock.

About Liberty All-Star Equity Fund (NYSE:USA)

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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