CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.65 and traded as low as $5.58. CBRE Global Real Estate Income Fund shares last traded at $5.59, with a volume of 525,348 shares traded.

CBRE Global Real Estate Income Fund Stock Up 0.2 %

The company has a 50-day moving average price of $6.13 and a two-hundred day moving average price of $5.65.

CBRE Global Real Estate Income Fund Increases Dividend

The firm 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 $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.72 dividend on an annualized basis and a yield of 13.07%. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atomi Financial Group Inc. lifted its holdings in CBRE Global Real Estate Income Fund by 7.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 101,946 shares of the closed-end fund’s stock worth $514,000 after buying an additional 7,108 shares during the last quarter. Pacific Wealth Strategies Group Inc. lifted its holdings in CBRE Global Real Estate Income Fund by 3.1% during the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 600,046 shares of the closed-end fund’s stock worth $3,024,000 after buying an additional 18,140 shares during the last quarter. Hoylecohen LLC lifted its holdings in CBRE Global Real Estate Income Fund by 200.0% during the 2nd quarter. Hoylecohen LLC now owns 30,000 shares of the closed-end fund’s stock worth $151,000 after buying an additional 20,000 shares during the last quarter. Cetera Investment Advisers bought a new position in CBRE Global Real Estate Income Fund during the 1st quarter worth approximately $1,965,000. Finally, 180 Wealth Advisors LLC lifted its holdings in CBRE Global Real Estate Income Fund by 5.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 145,407 shares of the closed-end fund’s stock worth $752,000 after buying an additional 7,455 shares during the last quarter.

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.