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

Liberty All-Star Growth Fund (NYSE:ASG) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.35 and traded as high as $5.35. Liberty All-Star Growth Fund shares last traded at $5.3050, with a volume of 200,193 shares changing hands.

Liberty All-Star Growth Fund Stock Performance

The firm’s 50-day moving average is $5.35 and its two-hundred day moving average is $5.45.

Liberty All-Star Growth Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, January 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC purchased a new position in Liberty All-Star Growth Fund in the 4th quarter valued at $928,000. Shaker Financial Services LLC raised its position in shares of Liberty All-Star Growth Fund by 17.7% in the fourth quarter. Shaker Financial Services LLC now owns 1,547,675 shares of the investment management company’s stock valued at $8,354,000 after buying an additional 232,946 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Liberty All-Star Growth Fund by 245.3% in the fourth quarter. Farther Finance Advisors LLC now owns 12,436 shares of the investment management company’s stock worth $66,000 after buying an additional 8,835 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Liberty All-Star Growth Fund by 111.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 28,308 shares of the investment management company’s stock worth $151,000 after buying an additional 14,924 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in Liberty All-Star Growth Fund by 8.2% during the fourth quarter. Dakota Wealth Management now owns 79,859 shares of the investment management company’s stock worth $423,000 after acquiring an additional 6,025 shares during the last quarter. 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.