CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Passes Below 200-Day Moving Average – Should You Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.51 and traded as low as $5.11. CBRE Global Real Estate Income Fund shares last traded at $5.15, with a volume of 988,596 shares.

CBRE Global Real Estate Income Fund Stock Performance

The company’s 50-day moving average price is $5.21 and its two-hundred day moving average price is $5.50.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.06 dividend. The ex-dividend date was Thursday, February 20th. This represents a yield of 13.53%.

Institutional Trading of CBRE Global Real Estate Income Fund

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth $314,000. Centaurus Financial Inc. increased its holdings in shares of CBRE Global Real Estate Income Fund by 10.3% in 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 period. B. Riley Wealth Advisors Inc. lifted its position in shares of CBRE Global Real Estate Income Fund by 43.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 20,814 shares of the closed-end fund’s stock worth $100,000 after purchasing an additional 6,325 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $156,000. Finally, Elequin Capital LP acquired a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $63,000.

CBRE Global Real Estate Income Fund Company Profile

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.