Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Cross Above 200 Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.35 and traded as high as $10.71. Eagle Capital Growth Fund shares last traded at $10.47, with a volume of 2,817 shares.

Eagle Capital Growth Fund Stock Performance

The business has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.35.

Insiders Place Their Bets

In related news, CFO David C. Sims acquired 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 220,032 shares of the company’s stock, valued at approximately $2,200,320. This trade represents a 4.76% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC acquired a new stake in Eagle Capital Growth Fund in the 4th quarter valued at approximately $39,000. Blue Bell Private Wealth Management LLC increased its position in Eagle Capital Growth Fund by 64.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares during the period. Mariner LLC raised its stake in Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after purchasing an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. raised its stake 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 valued at $232,000 after purchasing an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Eagle Capital Growth Fund by 10.9% in 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 during the period.

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.