Liberty All-Star Equity Fund (NYSE:USA) Trading Down 1.1% – Here’s Why

Shares of Liberty All-Star Equity Fund (NYSE:USA) were down 1.1% on Thursday . The company traded as low as $7.21 and last traded at $7.21. Approximately 530,779 shares traded hands during trading, a decline of 27% from the average daily volume of 722,868 shares. The stock had previously closed at $7.29.

Liberty All-Star Equity Fund Stock Performance

The stock has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $6.98.

Liberty All-Star Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.99%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in shares of Liberty All-Star Equity Fund by 167.3% during the third quarter. Raymond James & Associates now owns 1,683,699 shares of the closed-end fund’s stock valued at $11,954,000 after purchasing an additional 1,053,725 shares in the last quarter. Bensler LLC lifted its stake in Liberty All-Star Equity Fund by 3.5% during the 3rd quarter. Bensler LLC now owns 1,618,860 shares of the closed-end fund’s stock valued at $11,494,000 after acquiring an additional 55,047 shares during the period. Shaker Financial Services LLC purchased a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at about $5,108,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Liberty All-Star Equity Fund by 4.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 689,391 shares of the closed-end fund’s stock worth $4,895,000 after acquiring an additional 29,872 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Liberty All-Star Equity Fund by 2.0% during the third quarter. Advisors Asset Management Inc. now owns 506,236 shares of the closed-end fund’s stock valued at $3,594,000 after purchasing an additional 9,821 shares during the last quarter. 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.