Liberty All-Star Growth Fund (NYSE:ASG) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Liberty All-Star Growth Fund, Inc. (NYSE:ASG)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.77 and traded as high as $5.86. Liberty All-Star Growth Fund shares last traded at $5.82, with a volume of 254,579 shares traded.

Liberty All-Star Growth Fund Trading Down 0.5 %

The business has a 50 day simple moving average of $5.77 and a two-hundred day simple moving average of $5.50.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Liberty All-Star Growth Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Liberty All-Star Growth Fund during the 3rd quarter valued at $28,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Liberty All-Star Growth Fund by 268.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,200 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 6,700 shares in the last quarter. Quad Cities Investment Group LLC acquired a new stake in shares of Liberty All-Star Growth Fund in the 3rd quarter valued at about $56,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Liberty All-Star Growth Fund during the third quarter worth about $59,000. Finally, Creative Planning grew its stake in Liberty All-Star Growth Fund by 16.8% in the third quarter. Creative Planning now owns 12,959 shares of the investment management company’s stock worth $73,000 after purchasing an additional 1,861 shares in the last quarter. Institutional investors own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.