Shaker Financial Services LLC lifted its stake in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Free Report) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,011,052 shares of the investment management company's stock after purchasing an additional 209,674 shares during the quarter. Liberty All-Star Growth Fund comprises approximately 2.2% of Shaker Financial Services LLC's portfolio, making the stock its 5th biggest position. Shaker Financial Services LLC owned about 1.74% of Liberty All-Star Growth Fund worth $5,422,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in Liberty All-Star Growth Fund by 34.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 48,033 shares of the investment management company's stock worth $258,000 after acquiring an additional 12,368 shares during the period. Wolverine Asset Management LLC acquired a new position in Liberty All-Star Growth Fund during the fourth quarter worth $457,000. Avior Wealth Management LLC grew its holdings in Liberty All-Star Growth Fund by 2,506.5% during the fourth quarter. Avior Wealth Management LLC now owns 129,987 shares of the investment management company's stock worth $686,000 after acquiring an additional 125,000 shares during the period. Mutual Advisors LLC acquired a new stake in Liberty All-Star Growth Fund in the fourth quarter valued at $58,000. Finally, Advisor Resource Council purchased a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 21.62% of the company's stock.
Liberty All-Star Growth Fund Trading Down 0.4 %
Shares of ASG stock traded down $0.02 during mid-day trading on Friday, reaching $5.24. The stock had a trading volume of 143,856 shares, compared to its average volume of 225,207. Liberty All-Star Growth Fund, Inc. has a 12-month low of $4.47 and a 12-month high of $5.71. The business has a 50-day simple moving average of $5.31 and a 200 day simple moving average of $5.19.
Liberty All-Star Growth Fund Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.16%. This is a boost from Liberty All-Star Growth Fund's previous quarterly dividend of $0.11.
Liberty All-Star Growth Fund Profile
(
Free Report)
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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