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

Shares of Eagle Capital Growth Fund Inc (NYSEAMERICAN:GRF) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $8.32. Eagle Capital Growth Fund shares last traded at $8.29, with a volume of 2,918 shares changing hands.

In related news, CFO David C. Sims purchased 7,250 shares of Eagle Capital Growth Fund stock in a transaction on Monday, September 16th. The shares were bought at an average price of $7.96 per share, with a total value of $57,710.00.

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Matisse Capital grew its holdings in Eagle Capital Growth Fund Inc (NYSEAMERICAN:GRF) by 299.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 103,500 shares of the company’s stock after acquiring an additional 77,574 shares during the quarter. Eagle Capital Growth Fund comprises 1.0% of Matisse Capital’s investment portfolio, making the stock its 26th biggest holding. Matisse Capital’s holdings in Eagle Capital Growth Fund were worth $824,000 as of its most recent SEC filing.

Eagle Capital Growth Fund Company Profile (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.

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