CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.93 and traded as low as $4.25. CBRE Global Real Estate Income Fund shares last traded at $4.30, with a volume of 627,909 shares traded.

CBRE Global Real Estate Income Fund Price Performance

The stock has a 50-day moving average of $4.63 and a 200 day moving average of $4.92.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 19th will be issued a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 16.8%. The ex-dividend date of this dividend is Friday, December 19th.

Insider Buying and Selling

In other CBRE Global Real Estate Income Fund news, Director Peter Francis Finnerty purchased 46,500 shares of the stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $4.32 per share, with a total value of $200,880.00. Following the completion of the acquisition, the director owned 46,500 shares in the company, valued at $200,880. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 50,286 shares of company stock valued at $216,861 over the last 90 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of IGR. Root Financial Partners LLC acquired a new stake in CBRE Global Real Estate Income Fund in the third quarter valued at approximately $34,000. Atticus Wealth Management LLC grew its stake in CBRE Global Real Estate Income Fund by 41.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 7,340 shares of the closed-end fund’s stock valued at $39,000 after acquiring an additional 2,136 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $41,000. WPG Advisers LLC purchased a new stake in CBRE Global Real Estate Income Fund in the 1st quarter worth $54,000. Finally, Balboa Wealth Partners acquired a new position in CBRE Global Real Estate Income Fund during the third quarter worth $65,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed?end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate?related equity securities across developed and emerging markets.

The fund employs a research?driven, bottom?up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.