Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.65 and traded as low as $10.60. Eagle Capital Growth Fund shares last traded at $10.60, with a volume of 863 shares traded.

Eagle Capital Growth Fund Trading Down 0.2%

The stock’s 50 day moving average is $10.83 and its 200 day moving average is $10.66.

Institutional Trading of Eagle Capital Growth Fund

Several institutional investors have recently modified their holdings of GRF. Blue Bell Private Wealth Management LLC raised its position 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 worth $25,000 after acquiring an additional 1,511 shares in the last quarter. Matisse Capital boosted 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 valued at $171,000 after purchasing an additional 3,402 shares in the last quarter. Sigma Investment Counselors Inc. grew its stake 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 last quarter. Basepoint Wealth LLC bought a new stake in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Finally, Mariner LLC lifted its stake in Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after purchasing an additional 1,446 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.