Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.62 and traded as low as $10.09. Eagle Capital Growth Fund shares last traded at $10.09, with a volume of 1,247 shares.

Eagle Capital Growth Fund Trading Down 0.1%

The firm has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after acquiring an additional 2,839 shares during the last quarter. Mariner LLC boosted its holdings in Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the fourth quarter valued at $39,000. Blue Bell Private Wealth Management LLC boosted its holdings in Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its holdings in Eagle Capital Growth Fund by 31.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after acquiring an additional 5,136 shares during the last quarter.

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.