CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

CBRE Global Real Estate Income Fund (NYSE:IGR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.70 and traded as low as $5.23. CBRE Global Real Estate Income Fund shares last traded at $5.27, with a volume of 925,056 shares traded.

CBRE Global Real Estate Income Fund Trading Down 0.6 %

The company has a 50-day moving average of $5.14 and a 200 day moving average of $5.70.

CBRE Global Real Estate Income Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from CBRE Global Real Estate Income Fund’s previous dividend of $0.05. This represents a dividend yield of 13.66%.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in CBRE Global Real Estate Income Fund in the fourth quarter valued at about $441,000. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $1,093,000. Centurion Wealth Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $50,000. Cornerstone Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $241,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in CBRE Global Real Estate Income Fund by 5.1% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 250,261 shares of the closed-end fund’s stock valued at $1,204,000 after purchasing an additional 12,235 shares in the last quarter.

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.