Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Liberty All-Star Growth Fund (NYSE:ASG) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.08 and traded as high as $5.37. Liberty All-Star Growth Fund shares last traded at $5.3450, with a volume of 218,706 shares traded.

Liberty All-Star Growth Fund Price Performance

The business has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $5.19.

Liberty All-Star Growth Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, April 16th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a yield of 8.2%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. bought a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at $2,531,000. Wolverine Asset Management LLC raised its stake in shares of Liberty All-Star Growth Fund by 126.2% during the 4th quarter. Wolverine Asset Management LLC now owns 585,920 shares of the investment management company’s stock valued at $3,105,000 after buying an additional 326,868 shares during the last quarter. 1607 Capital Partners LLC increased its stake in shares of Liberty All-Star Growth Fund by 27.8% in the 3rd quarter. 1607 Capital Partners LLC now owns 1,088,599 shares of the investment management company’s stock valued at $6,042,000 after purchasing an additional 236,509 shares in the last quarter. Shaker Financial Services LLC increased its stake in shares of Liberty All-Star Growth Fund by 17.7% in the 4th quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock valued at $8,354,000 after purchasing an additional 232,946 shares in the last quarter. Finally, PMG Family Office LLC purchased a new position in shares of Liberty All-Star Growth Fund in the 3rd quarter valued at about $1,269,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Company Profile

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.