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

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.51 and traded as low as $5.11. CBRE Global Real Estate Income Fund shares last traded at $5.15, with a volume of 988,596 shares traded.

CBRE Global Real Estate Income Fund Stock Performance

The company has a 50-day moving average of $5.21 and a two-hundred day moving average of $5.50.

CBRE Global Real Estate Income Fund Dividend Announcement

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

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently modified their holdings of IGR. Prevail Innovative Wealth Advisors LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth about $1,093,000. Shaker Financial Services LLC bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $802,000. Raymond James Financial Inc. acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth $786,000. Jane Street Group LLC grew its stake in shares of CBRE Global Real Estate Income Fund by 1,416.4% in the fourth quarter. Jane Street Group LLC now owns 153,760 shares of the closed-end fund’s stock worth $740,000 after purchasing an additional 143,620 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter valued at $507,000.

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.