Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CFO Purchases $88,500.30 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims bought 8,806 shares of the company’s stock in a transaction on Friday, October 16th. The stock was bought at an average price of $10.05 per share, for a total transaction of $88,500.30. Following the completion of the purchase, the chief financial officer directly owned 228,838 shares in the company, valued at approximately $2,299,821.90. This represents a 4.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Eagle Capital Growth Fund Stock Performance

Shares of NYSEAMERICAN:GRF traded down $0.14 during trading on Tuesday, reaching $10.15. 2,232 shares of the company were exchanged, compared to its average volume of 3,363. The business’s fifty day simple moving average is $10.22 and its 200-day simple moving average is $10.18. Eagle Capital Growth Fund, Inc. has a 12-month low of $9.50 and a 12-month high of $11.85.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end investment company that seeks long-term capital appreciation for its shareholders. The fund invests primarily in publicly traded common stocks and other equity securities of companies that its investment adviser believes offer attractive growth prospects.

The fund provides investors with a professionally managed, diversified portfolio rather than operating a conventional business that sells products or services directly to customers.