Liberty All-Star Equity Fund (NYSE:USA) Sees Strong Trading Volume – Should You Buy?

Liberty All-Star Equity Fund (NYSE:USA) shares saw unusually-high trading volume on Friday . Approximately 942,178 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 1,184,522 shares.The stock last traded at $5.7410 and had previously closed at $5.71.

Liberty All-Star Equity Fund Trading Up 0.3%

The firm’s 50-day moving average price is $5.78 and its 200 day moving average price is $5.92.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, April 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Thursday, April 16th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its holdings in Liberty All-Star Equity Fund by 179.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,632,499 shares of the closed-end fund’s stock worth $35,372,000 after acquiring an additional 3,613,785 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Liberty All-Star Equity Fund by 27.7% during the third quarter. Raymond James Financial Inc. now owns 4,095,005 shares of the closed-end fund’s stock valued at $25,962,000 after acquiring an additional 889,061 shares in the last quarter. Absolute Investment Advisers LLC raised its position in shares of Liberty All-Star Equity Fund by 632.3% during the fourth quarter. Absolute Investment Advisers LLC now owns 2,698,528 shares of the closed-end fund’s stock worth $17,109,000 after purchasing an additional 2,330,028 shares during the period. Royal Bank of Canada lifted its holdings in shares of Liberty All-Star Equity Fund by 15.0% in the 1st quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock worth $12,604,000 after purchasing an additional 296,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Liberty All-Star Equity Fund by 3.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,742,069 shares of the closed-end fund’s stock valued at $11,865,000 after purchasing an additional 54,193 shares in the last quarter. 9.95% of the stock is owned by institutional investors and hedge funds.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.