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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.87 and traded as low as $4.62. CBRE Global Real Estate Income Fund shares last traded at $4.6250, with a volume of 574,855 shares changing hands.

CBRE Global Real Estate Income Fund Trading Up 0.1%

The firm’s fifty day moving average price is $4.52 and its 200-day moving average price is $4.86.

Insider Buying and Selling

In other news, Director Peter Francis Finnerty acquired 46,500 shares of CBRE Global Real Estate Income Fund stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $4.32 per share, for a total transaction of $200,880.00. Following the transaction, the director owned 46,500 shares of the company’s stock, valued at $200,880. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 50,286 shares of company stock valued at $216,861.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of IGR. Millennium Management LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the third quarter worth approximately $1,532,000. Susquehanna International Group LLP acquired a new position in shares of CBRE Global Real Estate Income Fund in the 3rd quarter worth approximately $1,112,000. UBS Group AG grew its position in CBRE Global Real Estate Income Fund by 3.4% during the 3rd quarter. UBS Group AG now owns 5,530,237 shares of the closed-end fund’s stock worth $28,425,000 after acquiring an additional 183,244 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter valued at $663,000. Finally, Penserra Capital Management LLC increased its holdings in CBRE Global Real Estate Income Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,696,579 shares of the closed-end fund’s stock valued at $19,554,000 after purchasing an additional 109,272 shares in the last quarter.

CBRE Global Real Estate Income Fund Company Profile

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.