Liberty All-Star Growth Fund (NYSE:ASG) Stock Passes 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 Thursday . The stock has a 50 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 Price Performance

The company has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $5.20.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently disclosed 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 yield of 8.4%.

Institutional Trading of Liberty All-Star Growth Fund

Hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new position in Liberty All-Star Growth Fund during the 2nd quarter worth approximately $55,000. StoneX Group Inc. purchased a new position in Liberty All-Star Growth Fund during the 2nd quarter worth approximately $60,000. Farther Finance Advisors LLC grew its position in Liberty All-Star Growth Fund by 245.3% during the 4th quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after purchasing an additional 8,835 shares in the last quarter. Independent Financial Group LLC purchased a new position in Liberty All-Star Growth Fund during the 1st quarter worth approximately $66,000. Finally, TrueMark Investments LLC purchased a new position in Liberty All-Star Growth Fund during the 1st quarter worth approximately $68,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

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.