CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Cross Above 50 Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.64 and traded as high as $4.64. CBRE Global Real Estate Income Fund shares last traded at $4.5150, with a volume of 546,714 shares changing hands.

CBRE Global Real Estate Income Fund Price Performance

The business has a 50-day moving average of $4.65 and a 200-day moving average of $4.63.

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 issued a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 15.7%. The ex-dividend date is Thursday, June 18th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently made changes to their positions in the company. Absolute Investment Advisers LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth approximately $6,100,000. Shaker Financial Services LLC bought a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $444,000. PFG Investments LLC purchased a new position in CBRE Global Real Estate Income Fund during the 4th quarter valued at $44,000. Choreo LLC boosted its holdings in CBRE Global Real Estate Income Fund by 4.9% during the 4th quarter. Choreo LLC now owns 68,525 shares of the closed-end fund’s stock valued at $306,000 after acquiring an additional 3,205 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position in 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 acquiring an additional 16,466 shares during the last quarter.

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.