CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Cross Below 200-Day Moving Average – Here’s What Happened

CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.73 and traded as low as $5.10. CBRE Global Real Estate Income Fund shares last traded at $5.19, with a volume of 897,416 shares.

CBRE Global Real Estate Income Fund Stock Up 0.7 %

The firm’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $5.73.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.06 dividend. This is a positive change from CBRE Global Real Estate Income Fund’s previous dividend of $0.05. The ex-dividend date is Tuesday, January 21st. This represents a dividend yield of 13.66%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC increased its stake in shares of CBRE Global Real Estate Income Fund by 4.0% in the fourth quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock valued at $379,000 after purchasing an additional 2,993 shares during the period. Janney Montgomery Scott LLC grew its holdings in CBRE Global Real Estate Income Fund by 13.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,868 shares of the closed-end fund’s stock worth $245,000 after buying an additional 5,953 shares in the last quarter. Daymark Wealth Partners LLC bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $49,000. SeaCrest Wealth Management LLC acquired a new stake in CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $54,000. Finally, 180 Wealth Advisors LLC raised its stake in CBRE Global Real Estate Income Fund by 3.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 157,171 shares of the closed-end fund’s stock valued at $756,000 after acquiring an additional 4,887 shares in the last quarter.

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.