Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Crosses Below 200-Day Moving Average – What’s Next?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRFGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.73 and traded as low as $9.70. Eagle Capital Growth Fund shares last traded at $9.86, with a volume of 208 shares.

Eagle Capital Growth Fund Price Performance

The business’s 50 day moving average price is $9.76 and its 200-day moving average price is $9.73.

Insider Activity at Eagle Capital Growth Fund

In related news, CFO David C. Sims purchased 3,060 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired at an average price of $9.70 per share, with a total value of $29,682.00. Following the acquisition, the chief financial officer now owns 199,897 shares in the company, valued at approximately $1,939,000.90. This trade represents a 1.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Mariner LLC lifted its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRFFree Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,628 shares of the company’s stock after purchasing an additional 1,138 shares during the quarter. Mariner LLC’s holdings in Eagle Capital Growth Fund were worth $182,000 as of its most recent filing with the SEC.

Eagle Capital Growth Fund Company Profile

(Get Free Report)

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.

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