Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.68 and traded as low as $10.40. Eagle Capital Growth Fund shares last traded at $10.40, with a volume of 2,932 shares changing hands.

Eagle Capital Growth Fund Price Performance

The firm has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $10.68.

Institutional Trading of Eagle Capital Growth Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its holdings in Eagle Capital Growth Fund by 166.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock valued at $25,000 after acquiring an additional 1,511 shares in the last quarter. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund in the 4th quarter worth $39,000. Matisse Capital raised its holdings in Eagle Capital Growth Fund by 26.5% in the 3rd quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after purchasing an additional 3,402 shares in the last quarter. 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. 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.

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.