Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Cross Above 200-Day Moving Average – Here’s Why

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares 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 Down 1.0%

The company’s fifty day simple moving average is $10.15 and its 200-day simple moving average is $10.35.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims acquired 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the transaction, the chief financial officer directly 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 SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after acquiring an additional 2,839 shares in the last quarter. Sigma Investment Counselors Inc. increased its holdings in shares of Eagle Capital Growth Fund by 31.0% during the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after acquiring an additional 5,136 shares in the last quarter. Mariner LLC increased its holdings in shares of Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position 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 purchasing an additional 1,559 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000.

About Eagle Capital Growth Fund

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.