CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Passes Above 50-Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.64 and traded as high as $4.64. CBRE Global Real Estate Income Fund shares last traded at $4.5150, with a volume of 546,714 shares changing hands.

CBRE Global Real Estate Income Fund Stock Performance

The business has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $4.63.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date is Thursday, June 18th.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its position in shares of CBRE Global Real Estate Income Fund by 5.1% during the 4th quarter. UBS Group AG now owns 5,814,985 shares of the closed-end fund’s stock valued at $25,470,000 after acquiring an additional 284,748 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of CBRE Global Real Estate Income Fund by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,246,044 shares of the closed-end fund’s stock valued at $9,838,000 after acquiring an additional 369,784 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 0.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,981,572 shares of the closed-end fund’s stock valued at $8,679,000 after acquiring an additional 16,466 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of CBRE Global Real Estate Income Fund by 3.4% in the third quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock valued at $9,805,000 after purchasing an additional 62,576 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth $6,015,000.

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.