Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.66 and traded as low as $10.02. Eagle Capital Growth Fund shares last traded at $10.2650, with a volume of 2,344 shares traded.

Eagle Capital Growth Fund Trading Up 0.0%

The firm’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $10.66.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of institutional investors have recently modified their holdings of GRF. Sigma Investment Counselors Inc. raised its stake in Eagle Capital Growth Fund by 31.0% during the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after acquiring an additional 5,136 shares during the period. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000. Matisse Capital grew its holdings in shares of Eagle Capital Growth Fund by 26.5% during the third quarter. Matisse Capital now owns 16,262 shares of the company’s stock valued at $171,000 after purchasing an additional 3,402 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Eagle Capital Growth Fund by 10.9% during the second 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 last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Eagle Capital Growth Fund by 64.4% during 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.

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.