Shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.87 and traded as high as $5.29. Liberty All-Star Growth Fund shares last traded at $5.28, with a volume of 254,089 shares traded.
Liberty All-Star Growth Fund Price Performance
The firm's fifty day moving average price is $4.89 and its 200 day moving average price is $5.37.
Liberty All-Star Growth Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Thursday, April 17th.
Institutional Investors Weigh In On Liberty All-Star Growth Fund
A number of hedge funds have recently bought and sold shares of ASG. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Liberty All-Star Growth Fund by 24.5% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,149 shares of the investment management company's stock valued at $74,000 after acquiring an additional 2,591 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Liberty All-Star Growth Fund by 6.7% during the first quarter. Atria Wealth Solutions Inc. now owns 47,613 shares of the investment management company's stock valued at $233,000 after acquiring an additional 3,007 shares during the last quarter. Wedbush Securities Inc. increased its position in Liberty All-Star Growth Fund by 4.9% during the first quarter. Wedbush Securities Inc. now owns 71,266 shares of the investment management company's stock valued at $348,000 after acquiring an additional 3,360 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Liberty All-Star Growth Fund by 68.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,422 shares of the investment management company's stock valued at $98,000 after acquiring an additional 7,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Liberty All-Star Growth Fund by 58.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company's stock valued at $126,000 after acquiring an additional 8,210 shares during the last quarter. Hedge funds and other institutional investors own 21.62% of the company's stock.
About Liberty All-Star Growth Fund
(
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Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
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