Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.47 and traded as low as $10.01. Eagle Capital Growth Fund shares last traded at $10.0910, with a volume of 360 shares traded.

Eagle Capital Growth Fund Stock Up 0.8%

The business has a fifty day moving average of $10.10 and a two-hundred day moving average of $10.47.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CFO David C. Sims purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at approximately $2,200,320. The trade was a 4.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Basepoint Wealth LLC acquired a new stake in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC grew its holdings 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 worth $43,000 after acquiring an additional 1,559 shares during the period. Mariner LLC grew its holdings in shares of Eagle Capital Growth Fund by 7.8% in 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. Sigma Investment Counselors Inc. grew its holdings 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 worth $232,000 after acquiring an additional 5,136 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in 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 buying an additional 2,839 shares during the last quarter.

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.