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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.50 and traded as low as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 4,424 shares traded.

Eagle Capital Growth Fund Trading Up 0.5%

The stock’s fifty day simple moving average is $10.15 and its two-hundred day simple moving average is $10.50.

Insiders Place Their Bets

In other Eagle Capital Growth Fund news, CFO David C. Sims bought 10,000 shares of Eagle Capital Growth Fund stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost 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 of the company’s stock, valued at $2,200,320. The trade was a 4.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its position in shares of Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the period. Mariner LLC lifted its position in shares of Eagle Capital Growth Fund by 7.8% in the 4th 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 acquired a new position in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC lifted its position in shares of 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 worth $43,000 after purchasing an additional 1,559 shares during the period. Finally, Sigma Investment Counselors Inc. lifted its position in shares of Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after purchasing an additional 5,136 shares during the period.

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.