CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Passes Below 200 Day Moving Average – Should You Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.72 and traded as low as $5.12. CBRE Global Real Estate Income Fund shares last traded at $5.16, with a volume of 819,431 shares trading hands.

CBRE Global Real Estate Income Fund Stock Down 0.1 %

The firm has a fifty day moving average price of $5.20 and a 200 day moving average price of $5.72.

CBRE Global Real Estate Income Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.06 dividend. This is a boost from CBRE Global Real Estate Income Fund’s previous dividend of $0.05. This represents a dividend yield of 13.66%. The ex-dividend date of this dividend was Tuesday, January 21st.

Institutional Trading of CBRE Global Real Estate Income Fund

Hedge funds have recently modified their holdings of the business. Daymark Wealth Partners LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $49,000. SeaCrest Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth $54,000. Leavell Investment Management Inc. raised its holdings in CBRE Global Real Estate Income Fund by 25.0% during the fourth quarter. Leavell Investment Management Inc. now owns 12,500 shares of the closed-end fund’s stock worth $60,000 after purchasing an additional 2,500 shares during the last quarter. Jane Street Group LLC acquired a new position in CBRE Global Real Estate Income Fund during the third quarter worth $67,000. Finally, Walkner Condon Financial Advisors LLC acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth $68,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.