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

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.58 and traded as low as $5.11. CBRE Global Real Estate Income Fund shares last traded at $5.17, with a volume of 296,365 shares trading hands.

CBRE Global Real Estate Income Fund Stock Performance

The stock has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $5.58.

CBRE Global Real Estate Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Daymark Wealth Partners LLC purchased a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $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 lifted its holdings 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 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.