Liberty All-Star Growth Fund (NYSE:ASG) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Liberty All-Star Growth Fund (NYSE:ASG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.19 and traded as low as $5.11. Liberty All-Star Growth Fund shares last traded at $5.14, with a volume of 223,535 shares.

Liberty All-Star Growth Fund Trading Up 0.3%

The business has a 50-day moving average of $5.27 and a two-hundred day moving average of $5.19.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, July 16th were issued a $0.12 dividend. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, July 16th. This represents a $0.48 dividend on an annualized basis and a yield of 9.3%.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Several large investors have recently modified their holdings of ASG. HighTower Advisors LLC grew its stake 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. Readystate Asset Management LP acquired a new position in Liberty All-Star Growth Fund during the 2nd quarter worth about $289,000. NWF Advisory Services Inc. acquired a new position in Liberty All-Star Growth Fund during the 2nd quarter worth about $55,000. Wedbush Securities Inc. raised its position in shares of Liberty All-Star Growth Fund by 3.3% during the second quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock worth $408,000 after acquiring an additional 2,377 shares during the last quarter. Finally, Almitas Capital LLC bought a new position in shares of Liberty All-Star Growth Fund during the second quarter worth about $2,552,000. Institutional investors 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.