CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below Two Hundred Day Moving Average of $4.96

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.96 and traded as low as $4.89. CBRE Global Real Estate Income Fund shares last traded at $4.94, with a volume of 237,258 shares trading hands.

CBRE Global Real Estate Income Fund Stock Up 1.4 %

The firm has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $4.96.

CBRE Global Real Estate Income Fund Increases Dividend

The business also recently disclosed 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 positive change from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. This represents a $0.72 annualized dividend and a yield of 14.37%. The ex-dividend date is Friday, May 17th.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. City of London Investment Management Co. Ltd. bought a new position in CBRE Global Real Estate Income Fund during the 4th quarter valued at about $4,709,000. Wolverine Asset Management LLC raised its stake in shares of CBRE Global Real Estate Income Fund by 1,013.7% in the fourth quarter. Wolverine Asset Management LLC now owns 406,544 shares of the closed-end fund’s stock valued at $2,208,000 after acquiring an additional 370,041 shares during the last quarter. Investment Partners Asset Management Inc. acquired a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $1,519,000. Flow State Investments L.P. bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $1,299,000. Finally, Quantedge Capital Pte Ltd acquired a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $1,202,000.

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.