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

Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.04 and traded as high as $5.22. Liberty All-Star Growth Fund shares last traded at $5.21, with a volume of 127,122 shares changing hands.

Liberty All-Star Growth Fund Stock Performance

The business’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $5.20.

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Liberty All-Star Growth Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently modified their holdings of ASG. IHT Wealth Management LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at $55,000. StoneX Group Inc. acquired a new stake in shares of Liberty All-Star Growth Fund in the 2nd quarter valued at $60,000. Farther Finance Advisors LLC lifted its stake in shares of Liberty All-Star Growth Fund by 245.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 8,835 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 1st quarter valued at $66,000. Finally, TrueMark Investments LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 1st quarter valued at $68,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

(Get Free Report)

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.

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