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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.54 and traded as low as $10.10. Eagle Capital Growth Fund shares last traded at $10.12, with a volume of 1,288 shares trading hands.

Eagle Capital Growth Fund Stock Up 2.1%

The firm has a 50 day moving average of $10.23 and a 200-day moving average of $10.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund in the fourth quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC grew its stake 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 worth $43,000 after purchasing an additional 1,559 shares in the last quarter. Mariner LLC grew its stake in Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after purchasing an additional 1,446 shares in the last quarter. Sigma Investment Counselors Inc. grew its stake 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 worth $232,000 after purchasing an additional 5,136 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake 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 worth $281,000 after purchasing an additional 2,839 shares in 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.