Kestra Private Wealth Services LLC Increases Stock Position in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

Posted by on Apr 21st, 2023

Kestra Private Wealth Services LLC grew its holdings in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG – Get Rating) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,619 shares of the investment management company’s stock after acquiring an additional 2,399 shares during the quarter. Kestra Private Wealth Services LLC owned 0.11% of Liberty All-Star Growth Fund worth $230,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of Liberty All-Star Growth Fund by 7.9% during the second quarter. Wells Fargo & Company MN now owns 1,798,499 shares of the investment management company’s stock worth $10,485,000 after acquiring an additional 131,412 shares in the last quarter. LPL Financial LLC raised its stake in shares of Liberty All-Star Growth Fund by 4.7% during the second quarter. LPL Financial LLC now owns 511,583 shares of the investment management company’s stock worth $2,983,000 after acquiring an additional 22,950 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Liberty All-Star Growth Fund by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 213,025 shares of the investment management company’s stock worth $1,606,000 after acquiring an additional 3,353 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Liberty All-Star Growth Fund during the third quarter worth approximately $984,000. Finally, Invesco Ltd. raised its stake in shares of Liberty All-Star Growth Fund by 5.1% during the first quarter. Invesco Ltd. now owns 181,110 shares of the investment management company’s stock worth $1,366,000 after acquiring an additional 8,866 shares in the last quarter. 11.43% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Price Performance

ASG stock opened at $5.11 on Friday. Liberty All-Star Growth Fund, Inc. has a one year low of $4.82 and a one year high of $7.27. The company’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $5.19.

Liberty All-Star Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Friday, April 21st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend is Thursday, April 20th.

Liberty All-Star Growth Fund Profile

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Liberty All-Star Growth Fund, Inc operates as a closed-end investment fund/investment trust. Its investment objective is to seek long-term capital appreciation through investment primarily in a diversified portfolio of equity securities. The company was founded on March 14, 1986 and is headquartered in Denver, CO.

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Institutional Ownership by Quarter for Liberty All-Star Growth Fund (NYSE:ASG)

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