Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

Eagle Capital Growth Fund Stock Up 0.0%

The stock’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $10.40.

Insider Buying and Selling

In other news, CFO David C. Sims bought 10,000 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the chief financial officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Eagle Capital Growth Fund

Several hedge funds and other institutional investors have recently made changes to their positions in GRF. Mariner LLC increased its position 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 buying an additional 1,446 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake 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 worth $43,000 after purchasing an additional 1,559 shares in the last quarter. Osaic Holdings Inc. grew its position in Eagle Capital Growth Fund by 10.9% during 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 last quarter. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund during the 4th quarter worth approximately $39,000. Finally, Sigma Investment Counselors Inc. increased 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 in the last quarter.

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.