Liberty All-Star Growth Fund (NYSE:ASG) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Liberty All-Star Growth Fund (NYSE:ASG)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $5.17 and traded as low as $4.97. Liberty All-Star Growth Fund shares last traded at $4.9850, with a volume of 492,828 shares trading hands.

Liberty All-Star Growth Fund Price Performance

The firm has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $5.20.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. grew its stake in Liberty All-Star Growth Fund by 3.3% during the 2nd quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock valued at $408,000 after acquiring an additional 2,377 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Liberty All-Star Growth Fund by 16.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 65,170 shares of the investment management company’s stock valued at $310,000 after acquiring an additional 9,320 shares during the last quarter. NWF Advisory Services Inc. purchased a new position in Liberty All-Star Growth Fund in the 2nd quarter worth approximately $55,000. HighTower Advisors LLC lifted its stake in Liberty All-Star Growth Fund by 73.8% in the 2nd quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company’s stock worth $162,000 after purchasing an additional 12,559 shares in the last quarter. Finally, David J Yvars Group acquired a new position in shares of Liberty All-Star Growth Fund during the 3rd quarter worth approximately $69,000. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc (NYSE:ASG) is a diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in the common stocks of growth-oriented companies, emphasizing businesses that its investment managers believe have attractive prospects for earnings and revenue expansion.

The fund may invest across multiple industries and in companies of different sizes, with a portfolio generally focused on equity securities rather than fixed-income investments.