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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Eagle Capital Growth Fund Price Performance

The business has a 50-day moving average of $10.28 and a 200-day moving average of $10.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GRF. Sigma Investment Counselors Inc. grew its stake in 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 acquiring an additional 5,136 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Eagle Capital Growth Fund during the 4th quarter valued at $39,000. Matisse Capital lifted its holdings in shares of Eagle Capital Growth Fund by 26.5% in the 3rd quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after buying an additional 3,402 shares during the period. Osaic Holdings Inc. grew its position in shares of 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 buying an additional 2,839 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Eagle Capital Growth Fund by 64.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after buying an additional 1,559 shares during the period.

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.