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%.
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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