Liberty All-Star Equity Fund (NYSE:USA) Sees Strong Trading Volume

Liberty All-Star Equity Fund (NYSE:USA – Get Rating) saw unusually-strong trading volume on Tuesday . Approximately 70,163 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 1,373,827 shares.The stock last traded at $7.98 and had previously closed at $7.83.

The business’s fifty day moving average is $7.62 and its two-hundred day moving average is $8.06.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 6th. Investors of record on Friday, April 22nd will be issued a $0.18 dividend. The ex-dividend date is Thursday, April 21st. This represents a $0.72 dividend on an annualized basis and a yield of 9.01%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Yakira Capital Management Inc. grew its position in shares of Liberty All-Star Equity Fund by 182.6% during the 4th quarter. Yakira Capital Management Inc. now owns 4,026,779 shares of the closed-end fund’s stock valued at $33,744,000 after acquiring an additional 2,602,079 shares during the period. Morgan Stanley lifted its stake in Liberty All-Star Equity Fund by 12.7% in the 3rd quarter. Morgan Stanley now owns 3,183,682 shares of the closed-end fund’s stock worth $27,380,000 after purchasing an additional 358,427 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Liberty All-Star Equity Fund by 1.4% in the 4th quarter. Penserra Capital Management LLC now owns 1,685,006 shares of the closed-end fund’s stock worth $14,120,000 after purchasing an additional 23,360 shares in the last quarter. Royal Bank of Canada lifted its stake in Liberty All-Star Equity Fund by 24.1% in the 3rd quarter. Royal Bank of Canada now owns 1,226,871 shares of the closed-end fund’s stock worth $10,551,000 after purchasing an additional 237,890 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Liberty All-Star Equity Fund by 17.4% in the 4th quarter. LPL Financial LLC now owns 1,169,916 shares of the closed-end fund’s stock worth $9,804,000 after purchasing an additional 173,530 shares in the last quarter. Institutional investors and hedge funds own 10.09% 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.

Further Reading