Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.07 and traded as high as $10.23. Eagle Capital Growth Fund shares last traded at $10.23, with a volume of 1,055 shares changing hands.

Eagle Capital Growth Fund Stock Up 0.3%

The business has a fifty day simple moving average of $10.07 and a 200 day simple moving average of $10.40.

Insider Buying and Selling

In other Eagle Capital Growth Fund news, CFO David C. Sims acquired 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, 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 is accessible through this hyperlink.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of large investors have recently added to or reduced their stakes in GRF. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the 4th quarter valued at $39,000. Blue Bell Private Wealth Management LLC increased its position in shares of Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after purchasing an additional 1,559 shares during the period. Mariner LLC increased its position in shares of 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 purchasing an additional 1,446 shares during the period. Sigma Investment Counselors Inc. raised its stake in Eagle Capital Growth Fund by 31.0% in 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 in the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 valued at $281,000 after purchasing an additional 2,839 shares in 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.