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

Shares of Liberty All-Star Growth Fund (NYSE:ASG) crossed 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 changing hands.

Liberty All-Star Growth Fund Trading Down 1.8%

The stock’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.22.

Liberty All-Star Growth Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, April 16th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Trading of Liberty All-Star Growth Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Liberty All-Star Growth Fund by 16.7% in the first quarter. PNC Financial Services Group Inc. now owns 65,170 shares of the investment management company’s stock worth $310,000 after purchasing an additional 9,320 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the first quarter worth $66,000. Calamos Advisors LLC increased its stake in shares of Liberty All-Star Growth Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 228,704 shares of the investment management company’s stock worth $1,086,000 after purchasing an additional 27,225 shares in the last quarter. TrueMark Investments LLC purchased a new stake in shares of Liberty All-Star Growth Fund in the first quarter worth $68,000. Finally, PMG Family Office LLC increased its stake in shares of Liberty All-Star Growth Fund by 9.5% in the first quarter. PMG Family Office LLC now owns 197,688 shares of the investment management company’s stock worth $939,000 after purchasing an additional 17,122 shares in the last quarter. 21.62% of the stock is owned by hedge funds and other 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.