CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Passes Below 200-Day Moving Average – Should You Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.51 and traded as low as $5.11. CBRE Global Real Estate Income Fund shares last traded at $5.15, with a volume of 988,596 shares traded.

CBRE Global Real Estate Income Fund Stock Up 0.5 %

The business has a 50 day simple moving average of $5.21 and a 200-day simple moving average of $5.51.

CBRE Global Real Estate Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IGR. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth about $1,093,000. Shaker Financial Services LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter valued at about $802,000. Raymond James Financial Inc. purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $786,000. Jane Street Group LLC raised its stake in shares of CBRE Global Real Estate Income Fund by 1,416.4% in the 4th quarter. Jane Street Group LLC now owns 153,760 shares of the closed-end fund’s stock valued at $740,000 after acquiring an additional 143,620 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $507,000.

CBRE Global Real Estate Income Fund Company Profile

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.