Wolverine Asset Management LLC Cuts Stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

Wolverine Asset Management LLC reduced its position in Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Free Report) by 53.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,360 shares of the investment management company's stock after selling 271,518 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.40% of Liberty All-Star Growth Fund worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ASG. GAMMA Investing LLC bought a new stake in Liberty All-Star Growth Fund during the 3rd quarter valued at $28,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Liberty All-Star Growth Fund by 268.0% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,200 shares of the investment management company's stock valued at $49,000 after purchasing an additional 6,700 shares during the period. Quad Cities Investment Group LLC purchased a new stake in Liberty All-Star Growth Fund during the 3rd quarter worth about $56,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Liberty All-Star Growth Fund during the 3rd quarter valued at about $59,000. Finally, Creative Planning increased its position in shares of 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 buying an additional 1,861 shares during the period. 21.62% of the stock is currently owned by institutional investors.

Liberty All-Star Growth Fund Stock Performance

Liberty All-Star Growth Fund stock traded down $0.01 during midday trading on Wednesday, reaching $5.97. 139,488 shares of the stock were exchanged, compared to its average volume of 256,242. The company's fifty day moving average is $5.60 and its 200-day moving average is $5.41. Liberty All-Star Growth Fund, Inc. has a 52 week low of $4.86 and a 52 week high of $6.08.

Liberty All-Star Growth Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 8.04%.

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.