Liberty All-Star Equity Fund (NYSE:USA) Trading Down 0.1%

Liberty All-Star Equity Fund (NYSE:USA) fell 0.1% during mid-day trading on Friday . The company traded as low as $6.25 and last traded at $6.27. 198,918 shares were traded during trading, a decline of 65% from the average session volume of 568,370 shares. The stock had previously closed at $6.28.

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, April 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.68 annualized dividend and a dividend yield of 10.83%. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

In other news, insider John J. Neuhauser bought 10,000 shares of Liberty All-Star Equity Fund stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $6.22 per share, with a total value of $62,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 11,700 shares of company stock worth $72,984. Insiders own 0.06% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. BB&T Securities LLC grew its stake in shares of Liberty All-Star Equity Fund by 9.9% during the fourth quarter. BB&T Securities LLC now owns 30,153 shares of the closed-end fund’s stock worth $162,000 after buying an additional 2,710 shares during the last quarter. LPL Financial LLC grew its stake in shares of Liberty All-Star Equity Fund by 17.7% during the fourth quarter. LPL Financial LLC now owns 770,262 shares of the closed-end fund’s stock worth $4,144,000 after buying an additional 115,592 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Liberty All-Star Equity Fund by 28.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 45,285 shares of the closed-end fund’s stock worth $244,000 after buying an additional 10,000 shares during the last quarter. City of London Investment Management Co. Ltd. bought a new stake in shares of Liberty All-Star Equity Fund during the fourth quarter worth $493,000. Finally, Private Advisor Group LLC grew its stake in shares of Liberty All-Star Equity Fund by 15.0% during the fourth quarter. Private Advisor Group LLC now owns 141,702 shares of the closed-end fund’s stock worth $762,000 after buying an additional 18,430 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.

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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.

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