Wolverine Asset Management LLC Invests $457,000 in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

Wolverine Asset Management LLC bought a new position in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) in the fourth quarter, HoldingsChannel reports. The firm bought 86,467 shares of the investment management company’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASG. AE Wealth Management LLC purchased a new position in shares of Liberty All-Star Growth Fund in the 3rd quarter worth approximately $81,000. Avior Wealth Management LLC purchased a new position in shares of Liberty All-Star Growth Fund in the 3rd quarter worth approximately $25,000. Dakota Wealth Management purchased a new position in shares of Liberty All-Star Growth Fund in the 3rd quarter worth approximately $63,000. Shaker Financial Services LLC lifted its stake in shares of Liberty All-Star Growth Fund by 42.4% during the 3rd quarter. Shaker Financial Services LLC now owns 801,378 shares of the investment management company’s stock worth $3,959,000 after acquiring an additional 238,659 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Liberty All-Star Growth Fund during the 3rd quarter worth approximately $198,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Price Performance

Shares of ASG stock opened at $5.15 on Friday. Liberty All-Star Growth Fund, Inc. has a 52-week low of $4.47 and a 52-week high of $5.71. The stock has a 50 day moving average price of $5.36 and a 200 day moving average price of $5.17.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.12 per share. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend is Thursday, April 18th.

Liberty All-Star Growth Fund Profile

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.