CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

CBRE Global Real Estate Income Fund (NYSE:IGR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.58 and traded as low as $5.11. CBRE Global Real Estate Income Fund shares last traded at $5.17, with a volume of 296,365 shares.

CBRE Global Real Estate Income Fund Trading Down 0.7 %

The company has a fifty day moving average price of $5.21 and a 200-day moving average price of $5.58.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a dividend yield of 13.53%.

Institutional Trading of CBRE Global Real Estate Income Fund

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $314,000. Centaurus Financial Inc. increased its position in shares of CBRE Global Real Estate Income Fund by 10.3% during the 4th quarter. Centaurus Financial Inc. now owns 189,553 shares of the closed-end fund’s stock valued at $912,000 after purchasing an additional 17,771 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of CBRE Global Real Estate Income Fund by 43.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,814 shares of the closed-end fund’s stock valued at $100,000 after purchasing an additional 6,325 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $156,000. Finally, Elequin Capital LP bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at $63,000.

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.