Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC lessened its stake in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG) by 44.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 914,722 shares of the investment management company’s stock after selling 732,476 shares during the period. Cornerstone Advisors LLC’s holdings in Liberty All-Star Growth Fund were worth $5,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ASG. Penserra Capital Management LLC acquired a new position in shares of Liberty All-Star Growth Fund during the third quarter valued at approximately $4,448,000. World Investment Advisors LLC acquired a new position in shares of Liberty All-Star Growth Fund during the third quarter valued at approximately $447,000. Raymond James Financial Inc. acquired a new position in shares of Liberty All-Star Growth Fund during the fourth quarter valued at approximately $358,000. Calamos Advisors LLC increased its stake in shares of Liberty All-Star Growth Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 90,922 shares of the investment management company’s stock valued at $514,000 after acquiring an additional 17,485 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Liberty All-Star Growth Fund by 83.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,508 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 12,997 shares during the period. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Performance

Liberty All-Star Growth Fund stock opened at $4.84 on Tuesday. Liberty All-Star Growth Fund, Inc. has a 1 year low of $4.76 and a 1 year high of $6.08. The firm’s 50 day moving average price is $5.57 and its two-hundred day moving average price is $5.63.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.48 annualized dividend and a yield of 9.93%.

About Liberty All-Star Growth Fund

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.