Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.50 and traded as low as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 4,424 shares traded.

Eagle Capital Growth Fund Trading Up 0.5%

The company’s 50-day moving average price is $10.15 and its 200-day moving average price is $10.50.

Insider Activity at Eagle Capital Growth Fund

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

Institutional Trading of Eagle Capital Growth Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund in the 4th quarter valued at about $39,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Eagle Capital Growth Fund by 64.4% during 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. Mariner LLC grew 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 valued at $215,000 after purchasing an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in shares of Eagle Capital Growth Fund by 31.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after purchasing an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after purchasing an additional 2,839 shares during the last quarter.

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.