Liberty All-Star Growth Fund (NYSE:ASG) Share Price Passes Above Fifty Day Moving Average of $5.38

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.38 and traded as high as $5.62. Liberty All-Star Growth Fund shares last traded at $5.58, with a volume of 140,970 shares.

Liberty All-Star Growth Fund Trading Down 0.6 %

The firm’s 50 day simple moving average is $5.38 and its 200-day simple moving average is $5.33.

Liberty All-Star Growth Fund Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.48 annualized dividend and a dividend yield of 8.61%.

Institutional Trading of Liberty All-Star Growth Fund

Several institutional investors and hedge funds have recently bought and sold shares of ASG. Karpus Management Inc. grew its position in shares of Liberty All-Star Growth Fund by 162.5% during the fourth quarter. Karpus Management Inc. now owns 1,681,642 shares of the investment management company’s stock worth $8,879,000 after buying an additional 1,040,985 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Liberty All-Star Growth Fund by 2,468.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 461,229 shares of the investment management company’s stock valued at $2,463,000 after purchasing an additional 443,269 shares in the last quarter. Flow State Investments L.P. boosted its holdings in Liberty All-Star Growth Fund by 788.2% in the fourth quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 107,651 shares in the last quarter. City of London Investment Management Co. Ltd. acquired a new position in Liberty All-Star Growth Fund in the second quarter valued at approximately $856,000. Finally, PNC Financial Services Group Inc. acquired a new position in Liberty All-Star Growth Fund in the fourth quarter valued at approximately $268,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

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.