Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.65 and traded as low as $9.80. Eagle Capital Growth Fund shares last traded at $10.10, with a volume of 5,295 shares traded.

Eagle Capital Growth Fund Stock Performance

The firm’s 50-day moving average is $10.64 and its two-hundred day moving average is $10.65.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its position in shares of Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after purchasing an additional 1,511 shares during the last quarter. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund during the 4th quarter worth about $39,000. Matisse Capital raised its position in shares of Eagle Capital Growth Fund by 26.5% during 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 during the last quarter. Mariner LLC raised its position in shares of Eagle Capital Growth Fund by 7.8% during 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 last quarter. Finally, Sigma Investment Counselors Inc. raised its position in shares of 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 worth $232,000 after purchasing an additional 5,136 shares during 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.