Eagle Capital Growth Fund Inc (NYSEAMERICAN:GRF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $8.32. Eagle Capital Growth Fund shares last traded at $8.24, with a volume of 10,632 shares.
In other news, CEO Luke E. Sims sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $7.72, for a total transaction of $38,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Several hedge funds have recently modified their holdings of the company. Cardan Capital Partners LLC boosted its position in Eagle Capital Growth Fund by 7.9% in the second quarter. Cardan Capital Partners LLC now owns 75,339 shares of the company’s stock valued at $600,000 after buying an additional 5,519 shares during the last quarter. Matisse Capital purchased a new stake in Eagle Capital Growth Fund in the first quarter valued at approximately $197,000. Finally, Raymond James & Associates purchased a new stake in Eagle Capital Growth Fund in the fourth quarter valued at approximately $77,000.
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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