CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Passes Below 200-Day Moving Average of $5.96

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.96 and traded as low as $5.21. CBRE Global Real Estate Income Fund shares last traded at $5.23, with a volume of 518,703 shares traded.

CBRE Global Real Estate Income Fund Price Performance

The firm’s 50-day moving average price is $5.36 and its two-hundred day moving average price is $5.96.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently announced a — dividend, which was paid on Thursday, April 20th. Investors of record on Friday, April 28th were given a dividend of $0.06 per share. This is a boost from CBRE Global Real Estate Income Fund’s previous — dividend of $0.05. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a yield of 13.6%.

Insider Activity at CBRE Global Real Estate Income Fund

In other news, Director T Ritson Ferguson bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The stock was bought at an average price of $5.26 per share, with a total value of $26,300.00. Following the completion of the transaction, the director now directly owns 78,514 shares of the company’s stock, valued at approximately $412,983.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG increased its stake in CBRE Global Real Estate Income Fund by 7.3% during the 4th quarter. UBS Group AG now owns 4,144,731 shares of the closed-end fund’s stock valued at $23,749,000 after purchasing an additional 282,353 shares in the last quarter. Advisors Asset Management Inc. increased its stake in CBRE Global Real Estate Income Fund by 8.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,629,768 shares of the closed-end fund’s stock valued at $14,733,000 after purchasing an additional 123,477 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in CBRE Global Real Estate Income Fund by 89.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 628,759 shares of the closed-end fund’s stock valued at $3,603,000 after purchasing an additional 296,536 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in CBRE Global Real Estate Income Fund by 3.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 613,671 shares of the closed-end fund’s stock valued at $3,516,000 after purchasing an additional 19,875 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of CBRE Global Real Estate Income Fund by 26.2% in the fourth quarter. LPL Financial LLC now owns 400,770 shares of the closed-end fund’s stock worth $2,296,000 after acquiring an additional 83,284 shares during the period.

CBRE Global Real Estate Income Fund Company Profile

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CBRE Global Real Estate Income Fund operates as a closed-end management investment company. Its primary objective is high current income and its secondary objective is capital appreciation. The company also engages in investing in real estate securities mainly located in North America, Europe, Australia, and Asia.