Sigma Investment Counselors Inc. Raises Stake in Eagle Capital Growth Fund, Inc. $GRF

Sigma Investment Counselors Inc. raised its holdings in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 24.5% during the second quarter, Holdings Channel reports. The fund owned 16,591 shares of the company’s stock after buying an additional 3,264 shares during the period. Sigma Investment Counselors Inc.’s holdings in Eagle Capital Growth Fund were worth $161,000 at the end of the most recent reporting period.

Separately, Matisse Capital purchased a new stake in shares of Eagle Capital Growth Fund in the 2nd quarter valued at $127,000.

Eagle Capital Growth Fund Stock Up 3.3%

GRF stock opened at $11.11 on Monday. The firm’s fifty day moving average is $10.53 and its 200 day moving average is $10.07. Eagle Capital Growth Fund, Inc. has a 52 week low of $8.85 and a 52 week high of $11.68.

Eagle Capital Growth Fund Dividend Announcement

The business 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. This represents a dividend yield of 805.0%. The ex-dividend date of this dividend is Friday, November 21st.

Insider Transactions at Eagle Capital Growth Fund

In related news, CFO David C. Sims bought 2,840 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was bought at an average cost of $10.73 per share, for a total transaction of $30,473.20. Following the acquisition, the chief financial officer directly owned 210,032 shares of the company’s stock, valued at $2,253,643.36. The trade was a 1.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald G. Tyler sold 3,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $10.02, for a total value of $32,464.80. Following the transaction, the director owned 7,036 shares in the company, valued at approximately $70,500.72. The trade was a 31.53% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Eagle Capital Growth Fund 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.