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

Liberty All-Star Growth Fund (NYSE:ASG)’s stock price passed 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 changing hands.

Liberty All-Star Growth Fund Stock Performance

The stock has a 50 day simple moving average of $5.28 and a 200 day simple moving average of $5.19.

Liberty All-Star Growth Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a 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 was Thursday, July 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ASG. StoneX Group Inc. acquired a new stake in Liberty All-Star Growth Fund during the 2nd quarter valued at $60,000. Bank of America Corp DE purchased a new stake in Liberty All-Star Growth Fund during the 2nd quarter worth $166,000. HighTower Advisors LLC lifted its holdings in Liberty All-Star Growth Fund by 73.8% in the 2nd quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company’s stock worth $162,000 after buying an additional 12,559 shares in the last quarter. Readystate Asset Management LP acquired a new position in Liberty All-Star Growth Fund in the 2nd quarter worth $289,000. Finally, NWF Advisory Services Inc. purchased a new position in Liberty All-Star Growth Fund in the 2nd quarter valued at about $55,000. 21.62% of the stock is owned by institutional investors and hedge funds.

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.