CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Passes Below 200-Day Moving Average – Here’s Why

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.61 and traded as low as $5.58. CBRE Global Real Estate Income Fund shares last traded at $5.67, with a volume of 447,048 shares traded.

CBRE Global Real Estate Income Fund Trading Up 1.6 %

The firm’s fifty day moving average is $6.23 and its two-hundred day moving average is $5.62.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. This represents a $0.72 annualized dividend and a yield of 12.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roman Butler Fullerton & Co. boosted its stake in CBRE Global Real Estate Income Fund by 0.8% in the third quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock valued at $1,643,000 after acquiring an additional 2,018 shares during the last quarter. Pacific Wealth Strategies Group Inc. boosted its stake in CBRE Global Real Estate Income Fund by 10.9% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 665,253 shares of the closed-end fund’s stock valued at $4,371,000 after acquiring an additional 65,207 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in CBRE Global Real Estate Income Fund in the third quarter valued at about $71,000. J.W. Cole Advisors Inc. boosted its stake in CBRE Global Real Estate Income Fund by 111.1% in the third quarter. J.W. Cole Advisors Inc. now owns 158,741 shares of the closed-end fund’s stock valued at $1,043,000 after acquiring an additional 83,538 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new position in CBRE Global Real Estate Income Fund in the third quarter valued at about $69,000.

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.