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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.47 and traded as low as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 431 shares traded.

Eagle Capital Growth Fund Trading Up 0.3%

The firm’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $10.47.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 10,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost 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 approximately $2,200,320. This represents a 4.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Mariner LLC lifted its holdings in Eagle Capital Growth Fund by 7.8% in the fourth 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 last quarter. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. grew its holdings in shares of Eagle Capital Growth Fund by 10.9% during the second 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. Blue Bell Private Wealth Management LLC grew its holdings in shares of Eagle Capital Growth Fund by 64.4% during the fourth 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, Sigma Investment Counselors Inc. grew 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 purchasing an additional 5,136 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.