Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Break Above 200 Day Moving Average – What’s Next?

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.29 and traded as high as $10.60. Eagle Capital Growth Fund shares last traded at $10.60, with a volume of 507 shares.

Eagle Capital Growth Fund Trading Up 4.7%

The firm has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $10.29.

Insider Buying and Selling

In related news, CEO Luke E. Sims acquired 2,560 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $9.99 per share, with a total value of $25,574.40. Following the transaction, the chief executive officer directly owned 297,827 shares in the company, valued at approximately $2,975,291.73. This represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David C. Sims acquired 8,806 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Friday, October 16th. The shares were bought at an average cost of $10.05 per share, with a total value of $88,500.30. Following the transaction, the chief financial officer owned 228,838 shares in the company, valued at $2,299,821.90. This represents a 4.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 13,347 shares of company stock valued at $134,202 in the last ninety days.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Blue Bell Private Wealth Management LLC increased its position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 49.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,461 shares of the company’s stock after acquiring an additional 4,449 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Eagle Capital Growth Fund were worth $135,000 at the end of the most recent reporting period.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc. (NYSE American: GRF) is a publicly traded closed-end investment company. The fund seeks long-term capital appreciation by investing primarily in a portfolio of publicly traded equity securities. The fund is managed by Eagle Capital Management, LLC, an investment adviser focused on fundamental, value-oriented equity investing. Its portfolio may include companies across a range of industries and geographic markets, with investments selected based on the adviser’s assessment of their long-term growth and value potential.