Liberty All-Star Equity Fund (NYSE:USA) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Liberty All-Star Equity Fund (NYSE:USA) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.82 and traded as high as $5.87. Liberty All-Star Equity Fund shares last traded at $5.8250, with a volume of 1,777,006 shares.

Liberty All-Star Equity Fund Stock Down 0.6%

The stock’s fifty day moving average price is $5.93 and its 200-day moving average price is $5.82.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of Liberty All-Star Equity Fund in the 1st quarter valued at about $44,000. Investmark Advisory Group LLC acquired a new position in Liberty All-Star Equity Fund during the second quarter valued at approximately $62,000. Canal Capital Management LLC acquired a new position in Liberty All-Star Equity Fund during the first quarter valued at approximately $60,000. Three Magnolias Financial Advisors LLC grew its stake in Liberty All-Star Equity Fund by 25.0% in the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock valued at $69,000 after purchasing an additional 2,500 shares in the last quarter. Finally, World Investment Advisors grew its stake in Liberty All-Star Equity Fund by 19.5% in the fourth quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock valued at $92,000 after purchasing an additional 2,375 shares in the last quarter. 9.95% of the stock is owned by institutional investors.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded U.S. equities.

The fund uses a multi-manager investment structure, with different investment managers applying distinct strategies to portions of the portfolio. These strategies may include investments in large-, mid- and small-capitalization companies across a range of industries.