Cornerstone Advisors LLC lessened its position in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Free Report) by 44.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 914,722 shares of the investment management company's stock after selling 732,476 shares during the period. Cornerstone Advisors LLC owned approximately 1.57% of Liberty All-Star Growth Fund worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Penserra Capital Management LLC purchased a new position in shares of Liberty All-Star Growth Fund in the third quarter worth $4,448,000. Calamos Advisors LLC lifted its position in Liberty All-Star Growth Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 90,922 shares of the investment management company's stock valued at $514,000 after buying an additional 17,485 shares during the period. World Investment Advisors LLC purchased a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at about $447,000. Raymond James Financial Inc. bought a new position in Liberty All-Star Growth Fund in the 4th quarter valued at approximately $358,000. Finally, Jones Financial Companies Lllp lifted its position in Liberty All-Star Growth Fund by 83.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,508 shares of the investment management company's stock valued at $161,000 after acquiring an additional 12,997 shares in the last quarter. Hedge funds and other institutional investors own 21.62% of the company's stock.
Liberty All-Star Growth Fund Stock Performance
ASG stock traded up $0.13 during midday trading on Friday, hitting $4.92. The company's stock had a trading volume of 297,174 shares, compared to its average volume of 254,780. The firm's 50-day moving average is $5.52 and its 200-day moving average is $5.62. Liberty All-Star Growth Fund, Inc. has a 12 month low of $4.76 and a 12 month high of $6.08.
Liberty All-Star Growth Fund Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, January 24th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, January 24th. This represents a $0.48 dividend on an annualized basis and a yield of 9.77%.
Liberty All-Star Growth Fund Profile
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Free Report)
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.
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