Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Liberty All-Star Growth Fund (NYSE:ASG) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.34 and traded as low as $5.17. Liberty All-Star Growth Fund shares last traded at $5.22, with a volume of 322,344 shares changing hands.

Liberty All-Star Growth Fund Trading Up 0.8%

The stock’s 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $5.43.

Liberty All-Star Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Thursday, January 22nd will be given a $0.12 dividend. The ex-dividend date is Thursday, January 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.2%.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

A number of hedge funds have recently made changes to their positions in ASG. Ameritas Advisory Services LLC acquired a new position in Liberty All-Star Growth Fund in the second quarter valued at about $31,000. IHT Wealth Management LLC acquired a new position in shares of Liberty All-Star Growth Fund in the 2nd quarter worth approximately $55,000. StoneX Group Inc. bought a new stake in Liberty All-Star Growth Fund during the 2nd quarter worth approximately $60,000. Farther Finance Advisors LLC grew its position in Liberty All-Star Growth Fund by 245.3% during the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after acquiring an additional 8,835 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in Liberty All-Star Growth Fund by 17.9% during the 3rd quarter. AE Wealth Management LLC now owns 13,874 shares of the investment management company’s stock valued at $77,000 after purchasing an additional 2,103 shares in the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.

Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.