Liberty All-Star Growth Fund (NYSE:ASG) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Liberty All-Star Growth Fund, Inc. (NYSE:ASG)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.78 and traded as high as $5.94. Liberty All-Star Growth Fund shares last traded at $5.93, with a volume of 187,074 shares trading hands.

Liberty All-Star Growth Fund Stock Up 1.1 %

The firm’s fifty day moving average price is $5.78 and its 200-day moving average price is $5.59.

Liberty All-Star Growth Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several hedge funds and other institutional investors have recently modified their holdings of ASG. Penserra Capital Management LLC purchased a new position in Liberty All-Star Growth Fund during the 3rd quarter valued at about $4,448,000. Mercer Global Advisors Inc. ADV grew its position in shares of Liberty All-Star Growth Fund by 2,468.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 461,229 shares of the investment management company’s stock worth $2,463,000 after buying an additional 443,269 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Liberty All-Star Growth Fund during the third quarter valued at approximately $447,000. Dakota Wealth Management raised its holdings in shares of Liberty All-Star Growth Fund by 32.8% during the third quarter. Dakota Wealth Management now owns 68,884 shares of the investment management company’s stock valued at $386,000 after acquiring an additional 16,999 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Liberty All-Star Growth Fund by 58.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company’s stock worth $126,000 after acquiring an additional 8,210 shares during the period. 21.62% of the stock is owned by institutional investors.

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.