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

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.78 and traded as high as $5.94. Liberty All-Star Growth Fund shares last traded at $5.93, with a volume of 187,074 shares changing hands.

Liberty All-Star Growth Fund Trading Up 1.1 %

The company has a fifty day moving average price of $5.78 and a 200 day moving average price of $5.59.

Liberty All-Star Growth Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Liberty All-Star Growth Fund

A number of hedge funds have recently made changes to their positions in ASG. Creative Planning raised its position in Liberty All-Star Growth Fund by 16.8% during the third quarter. Creative Planning now owns 12,959 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 1,861 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Liberty All-Star Growth Fund during the 3rd quarter valued at about $28,000. Janney Montgomery Scott LLC lifted its position in Liberty All-Star Growth Fund by 58.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,293 shares of the investment management company’s stock worth $126,000 after buying an additional 8,210 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in Liberty All-Star Growth Fund in the third quarter worth approximately $56,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Liberty All-Star Growth Fund in the third quarter worth approximately $59,000. 21.62% of the stock is owned by institutional investors.

About Liberty All-Star Growth Fund

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.