CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below Two Hundred Day Moving Average of $5.36

CBRE Global Real Estate Income Fund (NYSE:IGR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.36 and traded as low as $4.87. CBRE Global Real Estate Income Fund shares last traded at $4.87, with a volume of 801,747 shares changing hands.

CBRE Global Real Estate Income Fund Price Performance

The stock’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.36.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, September 19th. This represents a $0.72 dividend on an annualized basis and a yield of 14.78%.

Institutional Trading of CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its stake in shares of CBRE Global Real Estate Income Fund by 53.3% during the second quarter. Sit Investment Associates Inc. now owns 9,746,330 shares of the closed-end fund’s stock worth $50,973,000 after buying an additional 3,387,841 shares during the period. Karpus Management Inc. purchased a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter worth approximately $3,458,000. abrdn plc purchased a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter worth approximately $3,249,000. Flagship Harbor Advisors LLC increased its stake in CBRE Global Real Estate Income Fund by 68.3% in the second quarter. Flagship Harbor Advisors LLC now owns 1,083,848 shares of the closed-end fund’s stock valued at $5,669,000 after purchasing an additional 439,995 shares during the last quarter. Finally, Roumell Asset Management LLC purchased a new position in CBRE Global Real Estate Income Fund in the second quarter valued at approximately $2,066,000.

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.