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 fifty day moving average during trading on Wednesday . The stock has a fifty 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 Performance

The business’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $10.40.

Insiders Place Their Bets

In other news, CFO David C. Sims bought 10,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $10.00 per share, with a total value 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. This trade represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Eagle Capital Growth Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in shares of 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 buying an additional 2,839 shares during the period. Sigma Investment Counselors Inc. grew its holdings in Eagle Capital Growth Fund by 31.0% during 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 last quarter. Mariner LLC grew its holdings in Eagle Capital Growth Fund by 7.8% during 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 last quarter. Blue Bell Private Wealth Management LLC increased its position in 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 valued at $43,000 after acquiring an additional 1,559 shares during the period. Finally, Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund during the fourth quarter valued at $39,000.

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.