CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below 200-Day Moving Average – Time to Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.64 and traded as low as $4.59. CBRE Global Real Estate Income Fund shares last traded at $4.6250, with a volume of 572,993 shares changing hands.

CBRE Global Real Estate Income Fund Price Performance

The business has a 50-day simple moving average of $4.64 and a 200-day simple moving average of $4.64.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 18th were issued a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 15.6%. The ex-dividend date was Thursday, June 18th.

Institutional Trading of CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Choreo LLC boosted its position in CBRE Global Real Estate Income Fund by 4.9% in the 4th quarter. Choreo LLC now owns 68,525 shares of the closed-end fund’s stock valued at $306,000 after buying an additional 3,205 shares during the period. D.A. Davidson & CO. boosted its holdings in CBRE Global Real Estate Income Fund by 24.2% in the fourth quarter. D.A. Davidson & CO. now owns 17,945 shares of the closed-end fund’s stock valued at $79,000 after purchasing an additional 3,500 shares during the period. SeaCrest Wealth Management LLC grew its stake in CBRE Global Real Estate Income Fund by 9.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 46,193 shares of the closed-end fund’s stock worth $237,000 after purchasing an additional 3,848 shares in the last quarter. National Bank of Canada FI increased its holdings in CBRE Global Real Estate Income Fund by 8.8% during the 3rd quarter. National Bank of Canada FI now owns 60,734 shares of the closed-end fund’s stock worth $311,000 after purchasing an additional 4,889 shares during the period. Finally, Roman Butler Fullerton & Co. increased its holdings in CBRE Global Real Estate Income Fund by 1.9% during the 1st quarter. Roman Butler Fullerton & Co. now owns 276,840 shares of the closed-end fund’s stock worth $1,262,000 after purchasing an additional 5,282 shares during the period.

About CBRE Global Real Estate Income Fund

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.