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. The fund primarily invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the NASDAQ Composite Index, Russell 3000 Growth Index, and the S&P 500 Index. It conducts in-house research to make its investments. The fund was previously known as Charles Allmon Trust, Inc. Liberty All-Star Growth Fund, Inc. was formed on March 14, 1986 and is domiciled in the United States.
Liberty All-Star Growth Fund Stock Up 1.8 %
Shares of ASG traded up $0.12 during mid-day trading on Friday, hitting $6.88. The company's stock had a trading volume of 261 shares, compared to its average volume of 140,734. The firm has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $6.50. Liberty All-Star Growth Fund has a 1-year low of $5.04 and a 1-year high of $10.20.
Liberty All-Star Growth Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, July 22nd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, July 21st. This represents a $0.44 annualized dividend and a yield of 6.40%.