CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.67 and traded as low as $4.61. CBRE Global Real Estate Income Fund shares last traded at $4.64, with a volume of 369,302 shares.

CBRE Global Real Estate Income Fund Price Performance

The company’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $4.67.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 15.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its stake in shares of CBRE Global Real Estate Income Fund by 5.1% in 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 purchasing an additional 284,748 shares during the period. 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 worth $9,838,000 after buying an additional 369,784 shares during the period. Bank of America Corp DE acquired a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $9,578,000. Readystate Asset Management LP acquired a new stake in CBRE Global Real Estate Income Fund in the 4th quarter valued at $6,015,000. Finally, LPL Financial LLC boosted its stake in CBRE Global Real Estate Income Fund by 3.3% in the 4th quarter. LPL Financial LLC now owns 1,111,934 shares of the closed-end fund’s stock valued at $4,870,000 after buying an additional 35,583 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.