Liberty All-Star Growth Fund (NYSE:ASG) Shares Cross Above Fifty Day Moving Average – What’s Next?

Liberty All-Star Growth Fund (NYSE:ASG)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.32 and traded as high as $5.46. Liberty All-Star Growth Fund shares last traded at $5.3950, with a volume of 123,216 shares trading hands.

Liberty All-Star Growth Fund Stock Performance

The firm’s fifty day moving average price is $5.32 and its 200-day moving average price is $5.18.

Liberty All-Star Growth Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Thursday, July 16th. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Institutional Trading of Liberty All-Star Growth Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $60,000. IHT Wealth Management LLC acquired a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at approximately $55,000. Bank of America Corp DE bought a new position in shares of Liberty All-Star Growth Fund during the second quarter valued at $166,000. Wedbush Securities Inc. raised its stake 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 valued at $408,000 after acquiring an additional 2,377 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Liberty All-Star Growth Fund during the second quarter valued at $660,000. 21.62% of the stock is currently owned by 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.