Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Liberty All-Star Growth Fund (NYSE:ASG) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.02 and traded as high as $5.26. Liberty All-Star Growth Fund shares last traded at $5.2350, with a volume of 243,675 shares trading hands.

Liberty All-Star Growth Fund Price Performance

The business has a 50 day moving average of $5.02 and a 200 day moving average of $5.22.

Liberty All-Star Growth Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Calamos Advisors LLC raised its stake in Liberty All-Star Growth Fund by 72.8% during the fourth quarter. Calamos Advisors LLC now owns 201,479 shares of the investment management company’s stock worth $1,068,000 after acquiring an additional 84,884 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in Liberty All-Star Growth Fund during the fourth quarter worth $928,000. Shaker Financial Services LLC raised its stake in Liberty All-Star Growth Fund by 17.7% during the fourth quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock worth $8,354,000 after acquiring an additional 232,946 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in Liberty All-Star Growth Fund by 111.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 28,308 shares of the investment management company’s stock worth $151,000 after acquiring an additional 14,924 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in Liberty All-Star Growth Fund by 8.2% during the fourth quarter. Dakota Wealth Management now owns 79,859 shares of the investment management company’s stock worth $423,000 after acquiring an additional 6,025 shares in the last quarter. 21.62% of the stock is currently owned by institutional investors and hedge funds.

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.