PNC Financial Services Group Inc. Invests $268,000 in Liberty All-Star Growth Fund, Inc. (NYSE:ASG)

PNC Financial Services Group Inc. bought a new stake in Liberty All-Star Growth Fund, Inc. (NYSE:ASGFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 50,845 shares of the investment management company’s stock, valued at approximately $268,000.

Several other large investors have also recently added to or reduced their stakes in ASG. Mutual Advisors LLC acquired a new stake in Liberty All-Star Growth Fund in the 4th quarter worth about $58,000. Advisor Resource Council acquired a new stake in shares of Liberty All-Star Growth Fund in the fourth quarter worth approximately $175,000. Atria Wealth Solutions Inc. grew its holdings in Liberty All-Star Growth Fund by 34.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 48,033 shares of the investment management company’s stock valued at $258,000 after purchasing an additional 12,368 shares during the period. Kestra Private Wealth Services LLC increased its position in Liberty All-Star Growth Fund by 8.5% during 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, Wolverine Asset Management LLC acquired a new position in Liberty All-Star Growth Fund during the fourth quarter worth approximately $457,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Trading Down 0.4 %

Shares of ASG opened at $5.25 on Friday. Liberty All-Star Growth Fund, Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $5.71. The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.26.

Liberty All-Star Growth Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, April 19th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date was Thursday, April 18th. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Liberty All-Star Growth Fund Company Profile

(Free Report)

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.

Further Reading

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

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