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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.56 and traded as low as $9.90. Eagle Capital Growth Fund shares last traded at $10.0550, with a volume of 10,133 shares.

Eagle Capital Growth Fund Trading Down 0.0%

The company has a 50 day moving average of $10.26 and a 200 day moving average of $10.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in Eagle Capital Growth Fund by 10.9% during the 2nd 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. Sigma Investment Counselors Inc. lifted its holdings in 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 buying an additional 5,136 shares during the last quarter. Mariner LLC boosted 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 acquiring an additional 1,446 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 worth $171,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted 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 acquiring an additional 1,559 shares in 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.