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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.68 and traded as low as $10.40. Eagle Capital Growth Fund shares last traded at $10.40, with a volume of 2,932 shares.

Eagle Capital Growth Fund Price Performance

The business has a 50-day moving average of $10.77 and a 200-day moving average of $10.68.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GRF. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Eagle Capital Growth Fund by 166.0% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock valued at $25,000 after buying an additional 1,511 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund during the fourth quarter worth $39,000. Matisse Capital raised its position in Eagle Capital Growth Fund by 26.5% during the third 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. Mariner LLC raised its position in Eagle Capital Growth Fund by 7.8% during the fourth 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. Finally, Sigma Investment Counselors Inc. lifted 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 valued at $232,000 after acquiring 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.