Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Crosses Above 50-Day Moving Average of $0.00

Eagle Capital Growth Fund Inc (NYSEAMERICAN:GRF)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $8.21. Eagle Capital Growth Fund shares last traded at $8.21, with a volume of 2,000 shares changing hands.

In related news, CFO David C. Sims acquired 7,250 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of $7.96 per share, for a total transaction of $57,710.00. Insiders have purchased a total of 11,639 shares of company stock valued at $91,910 over the last 90 days.

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Matisse Capital boosted its position in shares of Eagle Capital Growth Fund Inc (NYSEAMERICAN:GRF) by 299.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,500 shares of the company’s stock after buying an additional 77,574 shares during the period. Eagle Capital Growth Fund accounts for approximately 1.0% of Matisse Capital’s portfolio, making the stock its 26th biggest holding. Matisse Capital’s holdings in Eagle Capital Growth Fund were worth $824,000 at the end of the most recent quarter.

About Eagle Capital Growth Fund (NYSEAMERICAN:GRF)

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.

Further Reading: How Investors Can Profit from Options Trading

Receive News & Ratings for Eagle Capital Growth Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Capital Growth Fund and related companies with MarketBeat.com's FREE daily email newsletter.