Liberty All-Star Growth Fund (NYSE:ASG) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Liberty All-Star Growth Fund (NYSE:ASG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.20 and traded as low as $5.14. Liberty All-Star Growth Fund shares last traded at $5.1450, with a volume of 323,289 shares changing hands.

Liberty All-Star Growth Fund Stock Down 1.2%

The stock has a 50-day moving average of $5.31 and a 200 day moving average of $5.20.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, July 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.3%. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, July 16th.

Institutional Trading of Liberty All-Star Growth Fund

Institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC acquired a new position in shares of Liberty All-Star Growth Fund during the 1st quarter worth about $68,000. PMG Family Office LLC boosted its stake in Liberty All-Star Growth Fund by 9.5% during the 1st quarter. PMG Family Office LLC now owns 197,688 shares of the investment management company’s stock worth $939,000 after acquiring an additional 17,122 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in Liberty All-Star Growth Fund by 19.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,300,216 shares of the investment management company’s stock valued at $6,891,000 after purchasing an additional 211,617 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Liberty All-Star Growth Fund by 103.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 128,160 shares of the investment management company’s stock valued at $679,000 after purchasing an additional 65,056 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Liberty All-Star Growth Fund by 27.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,850 shares of the investment management company’s stock worth $296,000 after purchasing an additional 12,003 shares during the period. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

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.