Raymond James Financial Services Advisors Inc. Lowers Stock Position in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,675 shares of the investment management company’s stock after selling 61,244 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Liberty All-Star Growth Fund were worth $199,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ASG. Karpus Management Inc. boosted its stake in Liberty All-Star Growth Fund by 73.3% during the third quarter. Karpus Management Inc. now owns 640,657 shares of the investment management company’s stock worth $3,165,000 after buying an additional 270,872 shares during the period. Shaker Financial Services LLC boosted its stake in Liberty All-Star Growth Fund by 42.4% during the third quarter. Shaker Financial Services LLC now owns 801,378 shares of the investment management company’s stock worth $3,959,000 after buying an additional 238,659 shares during the period. Cornerstone Advisors LLC boosted its stake in Liberty All-Star Growth Fund by 62.6% during the third quarter. Cornerstone Advisors LLC now owns 593,323 shares of the investment management company’s stock worth $2,931,000 after buying an additional 228,396 shares during the period. NBC Securities Inc. purchased a new position in Liberty All-Star Growth Fund during the third quarter worth about $198,000. Finally, Advisor Resource Council purchased a new position in Liberty All-Star Growth Fund during the fourth quarter worth about $175,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Price Performance

NYSE ASG opened at $5.14 on Thursday. The firm has a 50 day simple moving average of $5.37 and a 200-day simple moving average of $5.17. Liberty All-Star Growth Fund, Inc. has a one year low of $4.47 and a one year high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be paid a $0.12 dividend. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, April 18th. This represents a $0.48 annualized dividend and a dividend yield of 9.35%.

Liberty All-Star Growth Fund 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.