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

Raymond James Financial Services Advisors Inc. lowered its stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASG) by 61.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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. owned 0.06% of Liberty All-Star Growth Fund worth $199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Shaker Financial Services LLC boosted its holdings in Liberty All-Star Growth Fund by 42.4% in the third quarter. Shaker Financial Services LLC now owns 801,378 shares of the investment management company’s stock worth $3,959,000 after purchasing an additional 238,659 shares during the last quarter. Karpus Management Inc. boosted its holdings in Liberty All-Star Growth Fund by 73.3% in the third quarter. Karpus Management Inc. now owns 640,657 shares of the investment management company’s stock worth $3,165,000 after purchasing an additional 270,872 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in Liberty All-Star Growth Fund by 62.6% in the third quarter. Cornerstone Advisors LLC now owns 593,323 shares of the investment management company’s stock worth $2,931,000 after purchasing an additional 228,396 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Liberty All-Star Growth Fund by 8.5% in the third quarter. Kestra Private Wealth Services LLC now owns 52,456 shares of the investment management company’s stock worth $259,000 after purchasing an additional 4,129 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Liberty All-Star Growth Fund in the third quarter worth approximately $198,000. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Trading Down 0.5 %

Shares of Liberty All-Star Growth Fund stock opened at $5.14 on Thursday. The company’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $5.17. Liberty All-Star Growth Fund, Inc. has a 1-year low of $4.47 and a 1-year high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

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

About Liberty All-Star Growth Fund

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.