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

CBRE Global Real Estate Income Fund (NYSE:IGR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.64 and traded as low as $4.59. CBRE Global Real Estate Income Fund shares last traded at $4.6250, with a volume of 572,993 shares changing hands.

CBRE Global Real Estate Income Fund Stock Performance

The company has a 50 day moving average price of $4.64 and a 200 day moving average price of $4.64.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 15.6%. The ex-dividend date was Thursday, June 18th.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at about $41,000. Jump Financial LLC acquired a new position in CBRE Global Real Estate Income Fund in the fourth quarter worth about $44,000. PFG Investments LLC acquired a new position in CBRE Global Real Estate Income Fund in the fourth quarter worth about $44,000. Fifth Third Wealth Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund in the fourth quarter valued at about $47,000. Finally, Boothbay Fund Management LLC bought a new stake in CBRE Global Real Estate Income Fund in the fourth quarter valued at about $48,000.

About CBRE Global Real Estate Income Fund

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.