CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below 200-Day Moving Average of $4.94

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.94 and traded as low as $4.87. CBRE Global Real Estate Income Fund shares last traded at $4.98, with a volume of 974,273 shares.

CBRE Global Real Estate Income Fund Stock Up 1.2 %

The stock’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.94.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.06 per share. This is a positive change from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. This represents a $0.72 dividend on an annualized basis and a yield of 14.46%. The ex-dividend date of this dividend is Friday, May 17th.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $31,000. Charter Oak Capital Management LLC bought a new stake in CBRE Global Real Estate Income Fund during the 1st quarter valued at $54,000. Envestnet Portfolio Solutions Inc. bought a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter valued at $58,000. Leo Wealth LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $62,000. Finally, D.A. Davidson & CO. bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $64,000.

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.