Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.38 and traded as low as $10.36. Eagle Capital Growth Fund shares last traded at $10.38, with a volume of 935 shares.

Eagle Capital Growth Fund Trading Up 1.9%

The stock has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $10.38.

Insider Activity at Eagle Capital Growth Fund

In other news, CFO David C. Sims acquired 10,000 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief financial officer owned 220,032 shares in the company, valued at approximately $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently bought and sold shares of GRF. Osaic Holdings Inc. grew its position 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 in the last quarter. Mariner LLC increased its holdings 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. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund in the fourth quarter worth $39,000. Blue Bell Private Wealth Management LLC raised 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 buying an additional 1,559 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its position in shares of 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 worth $232,000 after buying an additional 5,136 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.