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

CBRE Global Real Estate Income Fund (NYSE:IGR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.64 and traded as low as $5.13. CBRE Global Real Estate Income Fund shares last traded at $5.20, with a volume of 770,353 shares changing hands.

CBRE Global Real Estate Income Fund Trading Down 1.8 %

The stock has a fifty day moving average of $5.14 and a two-hundred day moving average of $5.64.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a dividend yield of 13.53%.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently modified their holdings of IGR. Daymark Wealth Partners LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at about $49,000. Centurion Wealth Management LLC purchased a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $50,000. SeaCrest Wealth Management LLC purchased a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $54,000. Walleye Capital LLC purchased a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $58,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in CBRE Global Real Estate Income Fund by 21.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock worth $59,000 after purchasing an additional 2,163 shares during the period.

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.