Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CFO Purchases $30,473.20 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims purchased 2,840 shares of Eagle Capital Growth Fund stock in a transaction on Thursday, October 16th. The stock was bought at an average cost of $10.73 per share, with a total value of $30,473.20. Following the completion of the acquisition, the chief financial officer owned 210,032 shares in the company, valued at approximately $2,253,643.36. This trade represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN:GRF opened at $11.11 on Monday. The firm’s 50-day moving average is $10.53 and its 200-day moving average is $10.07. Eagle Capital Growth Fund, Inc. has a 52-week low of $8.85 and a 52-week high of $11.68.

Eagle Capital Growth Fund Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.85 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a yield of 805.0%.

Institutional Trading of Eagle Capital Growth Fund

Several institutional investors have recently modified their holdings of GRF. Matisse Capital bought a new stake in shares of Eagle Capital Growth Fund during the second quarter valued at approximately $127,000. Sigma Investment Counselors Inc. boosted its stake in Eagle Capital Growth Fund by 24.5% during the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after buying an additional 3,264 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after buying an additional 2,839 shares during the period.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.