160,300 Shares in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Bought by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. acquired a new stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 160,300 shares of the investment management company’s stock, valued at approximately $856,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Karpus Management Inc. boosted its holdings in Liberty All-Star Growth Fund by 162.5% in the 4th quarter. Karpus Management Inc. now owns 1,681,642 shares of the investment management company’s stock worth $8,879,000 after acquiring an additional 1,040,985 shares during the period. Flow State Investments L.P. increased its stake in Liberty All-Star Growth Fund by 788.2% during the 4th quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock worth $641,000 after buying an additional 107,651 shares during the period. PNC Financial Services Group Inc. purchased a new position in Liberty All-Star Growth Fund in the 4th quarter valued at about $268,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Liberty All-Star Growth Fund by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 93,052 shares of the investment management company’s stock valued at $511,000 after acquiring an additional 7,371 shares in the last quarter. Finally, Calamos Advisors LLC increased its position in shares of Liberty All-Star Growth Fund by 46.4% during the second quarter. Calamos Advisors LLC now owns 62,946 shares of the investment management company’s stock worth $336,000 after acquiring an additional 19,963 shares during the last quarter. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Stock Performance

Shares of NYSE ASG opened at $5.42 on Monday. Liberty All-Star Growth Fund, Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $5.68. The business has a 50 day moving average price of $5.36 and a two-hundred day moving average price of $5.32.

Liberty All-Star Growth Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, July 19th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend was Friday, July 19th.

Liberty All-Star Growth Fund Company 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.