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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

CBRE Global Real Estate Income Fund Trading Up 0.7 %

The stock has a 50-day simple moving average of $5.25 and a 200 day simple moving average of $5.73.

CBRE Global Real Estate Income Fund Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGR. Penserra Capital Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 3rd quarter worth about $21,010,000. Flagship Harbor Advisors LLC acquired a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter worth approximately $10,415,000. Pacific Wealth Strategies Group Inc. raised its holdings in CBRE Global Real Estate Income Fund by 10.9% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 665,253 shares of the closed-end fund’s stock valued at $4,371,000 after buying an additional 65,207 shares during the period. Sanctuary Advisors LLC acquired a new position in CBRE Global Real Estate Income Fund during the second quarter valued at approximately $2,765,000. Finally, Roman Butler Fullerton & Co. grew its stake in CBRE Global Real Estate Income Fund by 0.8% during the third quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock worth $1,643,000 after buying an additional 2,018 shares during the period.

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.