Liberty All-Star Growth Fund (NYSE:ASG) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Liberty All-Star Growth Fund (NYSE:ASG) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.02 and traded as high as $5.26. Liberty All-Star Growth Fund shares last traded at $5.2350, with a volume of 243,675 shares trading hands.

Liberty All-Star Growth Fund Price Performance

The firm has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $5.22.

Liberty All-Star Growth Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, April 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Thursday, April 16th.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC bought a new stake in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $55,000. StoneX Group Inc. bought a new stake in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $60,000. Farther Finance Advisors LLC boosted its position 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 valued at $66,000 after acquiring an additional 8,835 shares during the period. Independent Financial Group LLC bought a new stake in shares of Liberty All-Star Growth Fund in the first quarter valued at approximately $66,000. Finally, TrueMark Investments LLC bought a new stake in shares of Liberty All-Star Growth Fund in the first quarter valued at approximately $68,000. 21.62% of the stock is owned by institutional investors.

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.