Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.27 and traded as low as $9.90. Eagle Capital Growth Fund shares last traded at $9.90, with a volume of 268 shares.

Eagle Capital Growth Fund Stock Up 2.1%

The firm has a fifty day moving average of $10.62 and a two-hundred day moving average of $10.27.

Eagle Capital Growth Fund Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.85 dividend. The ex-dividend date is Friday, November 21st. This represents a dividend yield of 842.0%.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 2,840 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were bought at an average cost of $10.73 per share, for a total transaction of $30,473.20. Following the purchase, the chief financial officer owned 210,032 shares of the company’s stock, valued at $2,253,643.36. This represents a 1.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 14,361 shares of company stock valued at $152,746 over the last 90 days.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of institutional investors and hedge funds have recently modified their holdings of GRF. Matisse Capital bought a new stake in Eagle Capital Growth Fund during the 2nd quarter worth approximately $127,000. Sigma Investment Counselors Inc. grew its position in shares of Eagle Capital Growth Fund by 24.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock valued at $161,000 after purchasing an additional 3,264 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Eagle Capital Growth Fund by 166.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after buying an additional 1,511 shares in the last quarter.

Eagle Capital Growth Fund Company Profile

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.