Cornerstone Advisors LLC Has $9.24 Million Stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

Cornerstone Advisors LLC lowered its position in shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,647,198 shares of the investment management company’s stock after selling 2,770 shares during the period. Cornerstone Advisors LLC’s holdings in Liberty All-Star Growth Fund were worth $9,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ASG. Shaker Financial Services LLC grew its holdings in shares of Liberty All-Star Growth Fund by 0.9% during the 2nd quarter. Shaker Financial Services LLC now owns 1,313,319 shares of the investment management company’s stock worth $7,013,000 after purchasing an additional 11,143 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Liberty All-Star Growth Fund by 22.0% in the second quarter. Wolverine Asset Management LLC now owns 504,878 shares of the investment management company’s stock valued at $2,696,000 after purchasing an additional 91,154 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Liberty All-Star Growth Fund by 2,468.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 461,229 shares of the investment management company’s stock worth $2,463,000 after purchasing an additional 443,269 shares during the last quarter. City of London Investment Management Co. Ltd. bought a new position in shares of Liberty All-Star Growth Fund during the second quarter worth about $856,000. Finally, Dakota Wealth Management raised its holdings in Liberty All-Star Growth Fund by 32.8% during the 3rd quarter. Dakota Wealth Management now owns 68,884 shares of the investment management company’s stock worth $386,000 after purchasing an additional 16,999 shares during the last quarter. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Performance

ASG stock opened at $5.68 on Thursday. The company’s fifty day simple moving average is $5.65 and its 200 day simple moving average is $5.43. Liberty All-Star Growth Fund, Inc. has a 12-month low of $4.90 and a 12-month high of $6.08.

Liberty All-Star Growth Fund Announces Dividend

The firm also recently declared 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. This represents a $0.48 annualized dividend and a yield of 8.45%. The ex-dividend date is Friday, November 15th.

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.