CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.16 and traded as low as $5.03. CBRE Global Real Estate Income Fund shares last traded at $5.07, with a volume of 457,444 shares.

CBRE Global Real Estate Income Fund Price Performance

The company’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $5.16.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st will be given a $0.06 dividend. This represents a yield of 14.12%. The ex-dividend date of this dividend is Tuesday, May 20th.

Institutional Trading of CBRE Global Real Estate Income Fund

Several large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC grew its position in CBRE Global Real Estate Income Fund by 4.6% in the first quarter. Penserra Capital Management LLC now owns 3,587,307 shares of the closed-end fund’s stock worth $18,510,000 after acquiring an additional 158,349 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of CBRE Global Real Estate Income Fund by 53.2% in the first quarter. Flagship Harbor Advisors LLC now owns 1,854,282 shares of the closed-end fund’s stock worth $9,568,000 after buying an additional 643,929 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of CBRE Global Real Estate Income Fund by 7.1% in the fourth quarter. Ameriprise Financial Inc. now owns 856,486 shares of the closed-end fund’s stock worth $4,115,000 after buying an additional 57,015 shares during the last quarter. LPL Financial LLC lifted its stake in shares of CBRE Global Real Estate Income Fund by 9.0% in the first quarter. LPL Financial LLC now owns 848,820 shares of the closed-end fund’s stock worth $4,380,000 after buying an additional 69,744 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. lifted its stake in shares of CBRE Global Real Estate Income Fund by 1.7% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 706,141 shares of the closed-end fund’s stock worth $3,644,000 after buying an additional 11,800 shares during the last quarter.

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.