Sigma Investment Counselors Inc. Boosts Position in Eagle Capital Growth Fund, Inc. $GRF

Sigma Investment Counselors Inc. lifted its position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 24.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,591 shares of the company’s stock after buying an additional 3,264 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Eagle Capital Growth Fund were worth $161,000 at the end of the most recent quarter.

Separately, Matisse Capital purchased a new position in Eagle Capital Growth Fund during the second quarter valued at approximately $127,000.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims bought 7,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were acquired at an average cost of $10.54 per share, for a total transaction of $73,885.40. Following the purchase, the chief financial officer directly owned 207,192 shares of the company’s stock, valued at $2,183,803.68. The trade was a 3.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald G. Tyler sold 3,240 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $10.02, for a total value of $32,464.80. Following the completion of the sale, the director directly owned 7,036 shares in the company, valued at approximately $70,500.72. The trade was a 31.53% decrease in their position. The disclosure for this sale can be found here.

Eagle Capital Growth Fund Trading Up 3.3%

NYSEAMERICAN GRF opened at $11.11 on Monday. The company’s 50 day simple moving average is $10.53 and its two-hundred day simple moving average is $10.07. Eagle Capital Growth Fund, Inc. has a 1 year low of $8.85 and a 1 year high of $11.68.

Eagle Capital Growth Fund Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a yield of 805.0%.

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.