Liberty All-Star Equity Fund (NYSE:USA) is trading 5% lower

Shares of Liberty All-Star Equity Fund (NYSE:USA – Get Free Report) fell by 5% during Friday trading. The stock traded as low as $6.57 and was last traded at $6.66. About 1,346,536 shares were traded during the trading, an increase of 74% over the average daily volume of 772,408 shares. The stock previously closed at $7.01.

Liberty All-Star Equity Fund shares down 2.1%

The company’s fifty-day moving average price is $6.82 and 200-day moving average price is $6.77.

Liberty All-Star Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, July 19th will receive a dividend of $0.18 per share. The ex-dividend date is Friday, July 19th. This represents a dividend of $0.72 annualized and a yield of 10.78%.

Institutional investors weigh Liberty All-Star Equity Fund

Major investors have recently made changes to their positions in the company. Advisor Resource Council purchased a new stake in Liberty All-Star Equity Fund during the 4th quarter worth $152,000. CoreCap Advisors LLC increased its position in shares of Liberty All-Star Equity Fund by 10.8% in the fourth quarter. CoreCap Advisors LLC now owns 56,899 shares of the closed-end fund worth $363,000 after purchasing an additional 5,525 shares during the period. Raymond James & Associates increased its stake in shares of Liberty All-Star Equity Fund by 3.7% in the fourth quarter. Raymond James & Associates now owns 460,116 shares of the closed-end fund worth $2,936,000 after purchasing an additional 16,583 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Liberty All-Star Equity Fund by 18.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 549,471 shares of the closed-end fund worth $3,506,000 after buying an additional 84,919 shares during the period. Finally, Bensler LLC increased its position in Liberty All-Star Equity Fund by 7.9% in the 4th quarter. Bensler LLC now owns 1,399,707 shares of the closed-end fund worth $8,930,000 after acquiring an additional 102,438 shares during the last quarter. Institutional investors and hedge funds own 9.95% of the company’s shares.

Company Profile Liberty All-Star Equity Fund

(Get free report)

Liberty All Star Equity Fund is a closed-end 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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