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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price passed 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 Trading Up 1.2 %

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

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in CBRE Global Real Estate Income Fund by 8.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,425,885 shares of the closed-end fund’s stock worth $7,743,000 after acquiring an additional 112,759 shares during the period. City of London Investment Management Co. Ltd. bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $4,709,000. Pacific Wealth Strategies Group Inc. raised its stake in CBRE Global Real Estate Income Fund by 21.7% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 527,331 shares of the closed-end fund’s stock worth $2,373,000 after acquiring an additional 93,895 shares during the period. Wolverine Asset Management LLC raised its stake in CBRE Global Real Estate Income Fund by 1,013.7% during the 4th quarter. Wolverine Asset Management LLC now owns 406,544 shares of the closed-end fund’s stock worth $2,208,000 after acquiring an additional 370,041 shares during the period. Finally, Investment Partners Asset Management Inc. bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $1,519,000.

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.