CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.65 and traded as low as $5.58. CBRE Global Real Estate Income Fund shares last traded at $5.59, with a volume of 525,348 shares traded.

CBRE Global Real Estate Income Fund Trading Down 0.2 %

The firm has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $5.65.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.72 dividend on an annualized basis and a yield of 12.88%. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

Institutional Trading of CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spirepoint Private Client LLC acquired a new position in CBRE Global Real Estate Income Fund during the first quarter worth $58,000. Ellis Investment Partners LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth about $69,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth about $71,000. Fiduciary Group LLC grew its holdings in shares of CBRE Global Real Estate Income Fund by 23.0% in the 2nd quarter. Fiduciary Group LLC now owns 14,980 shares of the closed-end fund’s stock valued at $75,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the second quarter valued at about $76,000.

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.