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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.72 and traded as low as $4.78. CBRE Global Real Estate Income Fund shares last traded at $4.91, with a volume of 838,340 shares traded.

CBRE Global Real Estate Income Fund Stock Performance

The company has a 50 day moving average of $5.39 and a two-hundred day moving average of $5.72.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.72 annualized dividend and a dividend yield of 14.66%.

Institutional Trading of CBRE Global Real Estate Income Fund

A number of institutional investors have recently bought and sold shares of IGR. HighTower Advisors LLC increased its holdings in shares of CBRE Global Real Estate Income Fund by 5.7% in the third quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock valued at $244,000 after purchasing an additional 2,000 shares during the period. Roman Butler Fullerton & Co. increased its holdings in CBRE Global Real Estate Income Fund by 0.8% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock worth $1,643,000 after buying an additional 2,018 shares during the period. Fiduciary Group LLC raised its position in CBRE Global Real Estate Income Fund by 23.0% during the 2nd quarter. Fiduciary Group LLC now owns 14,980 shares of the closed-end fund’s stock worth $75,000 after buying an additional 2,800 shares during the last quarter. Jane Street Group LLC acquired a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $67,000. Finally, Ellis Investment Partners LLC acquired a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $69,000.

About CBRE Global Real Estate Income Fund

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.