Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyEagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.66 and traded as low as $10.02. Eagle Capital Growth Fund shares last traded at $10.2650, with a volume of 2,344 shares.
Eagle Capital Growth Fund Stock Down 2.3%
The stock’s 50 day moving average price is $10.69 and its 200-day moving average price is $10.66.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC raised its holdings in Eagle Capital Growth Fund by 7.8% in 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 during the last quarter. Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund in the fourth quarter worth about $39,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of 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 buying an additional 1,559 shares during the last quarter. Sigma Investment Counselors Inc. grew its position in shares of 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 valued at $232,000 after acquiring an additional 5,136 shares during the period. Finally, Matisse Capital increased its stake 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 purchasing an additional 3,402 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.