CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Passes Below Two Hundred Day Moving Average – Should You 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 $4.62 and traded as low as $4.49. CBRE Global Real Estate Income Fund shares last traded at $4.4950, with a volume of 326,152 shares trading hands.

CBRE Global Real Estate Income Fund Stock Performance

The company’s 50-day moving average is $4.67 and its two-hundred day moving average is $4.62.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 18th will be given a $0.06 dividend. The ex-dividend date is Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 16.0%.

Institutional Trading of CBRE Global Real Estate Income Fund

Several large investors have recently made changes to their positions in the company. UBS Group AG raised its position in CBRE Global Real Estate Income Fund by 5.1% during the fourth quarter. UBS Group AG now owns 5,814,985 shares of the closed-end fund’s stock valued at $25,470,000 after purchasing an additional 284,748 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CBRE Global Real Estate Income Fund by 19.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,246,044 shares of the closed-end fund’s stock valued at $9,838,000 after purchasing an additional 369,784 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of CBRE Global Real Estate Income Fund by 0.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,981,572 shares of the closed-end fund’s stock valued at $8,679,000 after purchasing an additional 16,466 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of CBRE Global Real Estate Income Fund by 3.4% in the 3rd quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock valued at $9,805,000 after purchasing an additional 62,576 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at $6,015,000.

CBRE Global Real Estate Income Fund Company Profile

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.