Liberty All-Star Equity Fund (NYSE:USA) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Liberty All-Star Equity Fund (NYSE:USA)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $5.83 and traded as high as $5.95. Liberty All-Star Equity Fund shares last traded at $5.9350, with a volume of 795,664 shares changing hands.

Liberty All-Star Equity Fund Stock Performance

The stock’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $5.83.

Institutional Trading of Liberty All-Star Equity Fund

A number of institutional investors have recently added to or reduced their stakes in USA. Onyx Bridge Wealth Group LLC increased its position in Liberty All-Star Equity Fund by 6.9% during the first quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock worth $172,000 after buying an additional 1,997 shares in the last quarter. World Investment Advisors raised its holdings in shares of 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 worth $92,000 after acquiring an additional 2,375 shares during the last quarter. Three Magnolias Financial Advisors LLC lifted its position in shares of 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 acquiring an additional 2,500 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Liberty All-Star Equity Fund by 1.9% in the first quarter. NewEdge Advisors LLC now owns 177,215 shares of the closed-end fund’s stock valued at $984,000 after acquiring an additional 3,281 shares in the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Liberty All-Star Equity Fund by 19.5% during the second quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock valued at $117,000 after acquiring an additional 3,292 shares during the last quarter. Hedge funds and other institutional investors own 9.95% of the company’s stock.

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.