City of London Investment Management Co. Ltd. Makes New $856,000 Investment in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

City of London Investment Management Co. Ltd. acquired a new stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 160,300 shares of the investment management company’s stock, valued at approximately $856,000. City of London Investment Management Co. Ltd. owned about 0.28% of Liberty All-Star Growth Fund at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ASG. Karpus Management Inc. grew its position in shares of Liberty All-Star Growth Fund by 47.0% in the first quarter. Karpus Management Inc. now owns 2,471,772 shares of the investment management company’s stock valued at $13,570,000 after purchasing an additional 790,130 shares during the period. Cornerstone Advisors LLC increased its position in Liberty All-Star Growth Fund by 95.8% during the first quarter. Cornerstone Advisors LLC now owns 1,649,968 shares of the investment management company’s stock worth $9,058,000 after purchasing an additional 807,460 shares during the last quarter. Shaker Financial Services LLC raised its stake in Liberty All-Star Growth Fund by 0.9% during the second quarter. Shaker Financial Services LLC now owns 1,313,319 shares of the investment management company’s stock worth $7,013,000 after purchasing an additional 11,143 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Liberty All-Star Growth Fund by 22.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 504,878 shares of the investment management company’s stock valued at $2,696,000 after buying an additional 91,154 shares during the period. Finally, Flow State Investments L.P. raised its position in shares of Liberty All-Star Growth Fund by 788.2% in the 4th quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock worth $641,000 after buying an additional 107,651 shares during the period. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Price Performance

ASG stock opened at $5.42 on Monday. The stock has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $5.32. Liberty All-Star Growth Fund, Inc. has a 12-month low of $4.47 and a 12-month high of $5.68.

Liberty All-Star Growth Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, July 19th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date was Friday, July 19th.

Liberty All-Star Growth Fund Company Profile

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.