Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price crossed 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 traded.

Eagle Capital Growth Fund Trading Down 1.2%

The company’s 50-day simple moving average is $10.21 and its 200 day simple moving average is $10.53.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Hedge funds have recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund during the fourth quarter worth $39,000. Blue Bell Private Wealth Management LLC increased its position in 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 worth $43,000 after buying an additional 1,559 shares during the last quarter. Mariner LLC increased 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 buying an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. increased its position in Eagle Capital Growth Fund by 31.0% during the fourth 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. Finally, Osaic Holdings Inc. increased its position in Eagle Capital Growth Fund by 10.9% during the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after buying an additional 2,839 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.