Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $5.18 and traded as low as $5.16. Liberty All-Star Growth Fund shares last traded at $5.2050, with a volume of 521,824 shares changing hands.

Liberty All-Star Growth Fund Price Performance

The business’s 50-day moving average price is $5.18 and its 200 day moving average price is $5.19.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. NWF Advisory Services Inc. purchased a new position in Liberty All-Star Growth Fund during the second quarter worth about $55,000. Independent Financial Group LLC bought a new stake in shares of Liberty All-Star Growth Fund during the 1st quarter valued at about $66,000. TrueMark Investments LLC purchased a new position in shares of Liberty All-Star Growth Fund during the first quarter worth about $68,000. Tactive Advisors LLC purchased a new position in shares of Liberty All-Star Growth Fund during the third quarter worth about $74,000. Finally, HighTower Advisors LLC increased its position in shares of Liberty All-Star Growth Fund by 73.8% in the second quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company’s stock worth $162,000 after purchasing an additional 12,559 shares during the last quarter. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

(Get Free Report)

Liberty All-Star Growth Fund, Inc (NYSE:ASG) is a diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in the common stocks of growth-oriented companies, emphasizing businesses that its investment managers believe have attractive prospects for earnings and revenue expansion.

The fund may invest across multiple industries and in companies of different sizes, with a portfolio generally focused on equity securities rather than fixed-income investments.

Further Reading

Receive News & Ratings for Liberty All-Star Growth Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty All-Star Growth Fund and related companies with MarketBeat.com's FREE daily email newsletter.