Liberty All-Star Growth Fund (NYSE:ASG) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Liberty All-Star Growth Fund (NYSE:ASG) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.39 and traded as low as $5.35. Liberty All-Star Growth Fund shares last traded at $5.3750, with a volume of 179,077 shares traded.

Liberty All-Star Growth Fund Stock Up 0.3%

The business’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.45.

Liberty All-Star Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, November 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Friday, November 14th.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in shares of Liberty All-Star Growth Fund during the 1st quarter valued at approximately $183,000. Landscape Capital Management L.L.C. grew its holdings in Liberty All-Star Growth Fund by 246.5% during the 1st quarter. Landscape Capital Management L.L.C. now owns 67,511 shares of the investment management company’s stock valued at $330,000 after purchasing an additional 48,026 shares during the last quarter. Baird Financial Group Inc. bought a new position in Liberty All-Star Growth Fund in the 1st quarter valued at $85,000. 1607 Capital Partners LLC grew its holdings in shares of Liberty All-Star Growth Fund by 20.8% in the first quarter. 1607 Capital Partners LLC now owns 884,228 shares of the investment management company’s stock worth $4,324,000 after purchasing an additional 152,168 shares during the last quarter. Finally, Smith Asset Management Co. LLC purchased a new position in Liberty All-Star Growth Fund during the 1st quarter worth $207,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

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.