Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.63 and traded as high as $10.98. Eagle Capital Growth Fund shares last traded at $10.72, with a volume of 463 shares changing hands.

Eagle Capital Growth Fund Price Performance

The stock’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.54.

Institutional Trading of Eagle Capital Growth Fund

A number of institutional investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its holdings in Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after acquiring an additional 1,511 shares during the period. Matisse Capital bought a new stake in shares of Eagle Capital Growth Fund during the 2nd quarter valued at about $127,000. Sigma Investment Counselors Inc. grew its stake in Eagle Capital Growth Fund by 24.5% during the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after purchasing an additional 3,264 shares during the period. Finally, Osaic Holdings Inc. grew 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 purchasing an additional 2,839 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.