Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Passes Below 50 Day Moving Average of $5.21

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.21 and traded as low as $5.20. Liberty All-Star Growth Fund shares last traded at $5.22, with a volume of 199,826 shares.

Liberty All-Star Growth Fund Trading Up 0.2 %

The firm’s fifty day simple moving average is $5.21 and its 200 day simple moving average is $5.27.

Liberty All-Star Growth Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, April 19th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.48 dividend on an annualized basis and a yield of 9.20%. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

A number of large investors have recently bought and sold shares of ASG. Karpus Management Inc. raised its position in Liberty All-Star Growth Fund by 162.5% during the 4th 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 during the last quarter. Cornerstone Advisors LLC raised its position in Liberty All-Star Growth Fund by 95.8% during the 1st quarter. Cornerstone Advisors LLC now owns 1,649,968 shares of the investment management company’s stock worth $9,058,000 after buying an additional 807,460 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Liberty All-Star Growth Fund by 26.2% in the 4th quarter. Shaker Financial Services LLC now owns 1,011,052 shares of the investment management company’s stock valued at $5,422,000 after purchasing an additional 209,674 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Liberty All-Star Growth Fund by 2,506.5% in the 4th quarter. Avior Wealth Management LLC now owns 129,987 shares of the investment management company’s stock valued at $686,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Flow State Investments L.P. increased its holdings in shares of Liberty All-Star Growth Fund by 788.2% in the 4th 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. Hedge funds and other institutional investors own 21.62% of the company’s stock.

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.