Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Cross Above 200 Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.35 and traded as high as $10.71. Eagle Capital Growth Fund shares last traded at $10.47, with a volume of 2,817 shares trading hands.

Eagle Capital Growth Fund Stock Performance

The business has a 50-day moving average of $10.15 and a two-hundred day moving average of $10.35.

Insider Activity at Eagle Capital Growth Fund

In other news, CFO David C. Sims acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. This trade represents a 4.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GRF. Osaic Holdings Inc. boosted its stake in Eagle Capital Growth Fund by 10.9% during the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after buying an additional 2,839 shares in the last quarter. Sigma Investment Counselors Inc. raised its stake in shares of Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after buying an additional 5,136 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Eagle Capital Growth Fund by 64.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after buying an additional 1,559 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund during the 4th quarter worth about $39,000. Finally, Mariner LLC lifted its holdings in shares of Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after acquiring an additional 1,446 shares during the period.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund Inc (NYSE American: GRF) is a diversified, closed-end management investment company that seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign issuers. Launched in December 2012, the fund follows a value-oriented investment approach, targeting companies with durable competitive advantages, solid cash flows and attractive valuation metrics.

Advised by Eagle Capital Management LLC, a Boston-based investment firm specializing in fundamental, bottom-up research, the fund’s portfolio includes publicly traded common stocks and, when appropriate, convertible securities.