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

Liberty All-Star Equity Fund (NYSE:USA)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.86 and traded as high as $7.26. Liberty All-Star Equity Fund shares last traded at $7.24, with a volume of 475,795 shares traded.

Liberty All-Star Equity Fund Stock Performance

The stock has a 50 day moving average price of $7.01 and a 200 day moving average price of $6.86.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new stake in Liberty All-Star Equity Fund during the first quarter worth about $128,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 8.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,157 shares of the closed-end fund’s stock valued at $4,234,000 after buying an additional 48,506 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Liberty All-Star Equity Fund during the first quarter valued at approximately $174,000. Private Advisor Group LLC raised its stake in Liberty All-Star Equity Fund by 1.5% during the first quarter. Private Advisor Group LLC now owns 281,498 shares of the closed-end fund’s stock valued at $2,013,000 after buying an additional 4,096 shares during the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new stake in Liberty All-Star Equity Fund during the 1st quarter valued at about $429,000. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

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.