Shaker Financial Services LLC Sells 446,519 Shares of LBTY ALL-STAR F (NYSE:ASG)
Shaker Financial Services LLC decreased its position in LBTY ALL-STAR F (NYSE:ASG) by 35.7% during the second quarter, Holdings Channel reports. The institutional investor owned 805,014 shares of the investment management company’s stock after selling 446,519 shares during the period. LBTY ALL-STAR F accounts for approximately 2.2% of Shaker Financial Services LLC’s investment portfolio, making the stock its 14th largest position. Shaker Financial Services LLC’s holdings in LBTY ALL-STAR F were worth $3,961,000 at the end of the most recent reporting period.
Separately, Wedbush Securities Inc. boosted its stake in shares of LBTY ALL-STAR F by 11.8% in the second quarter. Wedbush Securities Inc. now owns 279,581 shares of the investment management company’s stock worth $1,376,000 after buying an additional 29,521 shares in the last quarter. 14.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LBTY ALL-STAR F (NYSE:ASG) opened at 4.84 on Friday. LBTY ALL-STAR F has a 52 week low of $3.88 and a 52 week high of $5.18. The company’s 50-day moving average is $4.99 and its 200-day moving average is $4.69.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, July 28th will be paid a dividend of $0.11 per share. This is a positive change from LBTY ALL-STAR F’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, July 26th. This represents a $0.44 annualized dividend and a yield of 9.09%.
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About LBTY ALL-STAR F
Liberty All-Star Growth Fund, Inc is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation. The Fund may lend its portfolio securities only to borrowers that are approved by the Fund’s securities lending agent, State Street Bank & Trust Co (SSB).The Fund’s portfolio includes various sectors, such as information technology, consumer discretionary, industrials, financials, healthcare, consumer staples, energy and real estate.
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