Liberty All-Star Growth Fund (NYSE:ASG) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Liberty All-Star Growth Fund (NYSE:ASG) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.20 and traded as low as $5.14. Liberty All-Star Growth Fund shares last traded at $5.1450, with a volume of 323,289 shares.

Liberty All-Star Growth Fund Trading Up 0.1%

The stock’s 50-day simple moving average is $5.31 and its 200 day simple moving average is $5.20.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be issued a $0.12 dividend. The ex-dividend date is Thursday, July 16th. This is an increase 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 yield of 9.5%.

Hedge Funds Weigh In On Liberty All-Star Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. bought a new stake in shares of Liberty All-Star Growth Fund in the 1st quarter valued at $85,000. StoneX Group Inc. bought a new position in Liberty All-Star Growth Fund during the second quarter worth $60,000. Ameriprise Financial Inc. grew its holdings in Liberty All-Star Growth Fund by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 94,529 shares of the investment management company’s stock worth $517,000 after purchasing an additional 7,483 shares during the period. IHT Wealth Management LLC acquired a new stake in Liberty All-Star Growth Fund in the second quarter worth $55,000. Finally, Osaic Holdings Inc. increased its stake in Liberty All-Star Growth Fund by 70.2% in the second quarter. Osaic Holdings Inc. now owns 94,934 shares of the investment management company’s stock valued at $519,000 after purchasing an additional 39,145 shares in the last quarter. 21.62% of the stock is currently 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.