Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Liberty All-Star Growth Fund (NYSE:ASG) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.19 and traded as low as $5.11. Liberty All-Star Growth Fund shares last traded at $5.14, with a volume of 223,535 shares traded.

Liberty All-Star Growth Fund Stock Up 0.4%

The company has a 50 day moving average of $5.28 and a 200 day moving average of $5.19.

Liberty All-Star Growth Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, July 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $0.48 annualized dividend and a yield of 9.3%. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

A number of institutional investors have recently modified their holdings of the stock. NWF Advisory Services Inc. bought a new position in shares of Liberty All-Star Growth Fund during the second quarter worth about $55,000. IHT Wealth Management LLC bought a new stake in Liberty All-Star Growth Fund in the second quarter valued at about $55,000. StoneX Group Inc. bought a new stake in Liberty All-Star Growth Fund in the second quarter valued at about $60,000. Independent Financial Group LLC acquired a new stake in Liberty All-Star Growth Fund during the first quarter valued at approximately $66,000. Finally, TrueMark Investments LLC acquired a new stake in Liberty All-Star Growth Fund during the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

About Liberty All-Star Growth Fund

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.