CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.64 and traded as low as $5.13. CBRE Global Real Estate Income Fund shares last traded at $5.20, with a volume of 770,353 shares trading hands.

CBRE Global Real Estate Income Fund Stock Performance

The firm’s 50 day simple moving average is $5.16 and its 200 day simple moving average is $5.63.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a dividend yield of 13.53%. The ex-dividend date of this dividend was Thursday, February 20th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $67,000. Daymark Wealth Partners LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $49,000. Centurion Wealth Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $50,000. SeaCrest Wealth Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $54,000. Finally, Walleye Capital LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $58,000.

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.