Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $9.80. Eagle Capital Growth Fund shares last traded at $9.80, with a volume of 1,368 shares traded.

Eagle Capital Growth Fund Stock Performance

Eagle Capital Growth Fund Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.7%.

Insider Transactions at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $9.74 per share, with a total value of $58,440.00. Following the completion of the acquisition, the chief executive officer now directly owns 283,285 shares of the company’s stock, valued at approximately $2,759,195.90. The trade was a 2.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC raised its position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,524 shares of the company’s stock after purchasing an additional 2,163 shares during the quarter. Wolverine Asset Management LLC’s holdings in Eagle Capital Growth Fund were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

About Eagle Capital Growth Fund

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.