CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Passes Below 200-Day Moving Average – Time to Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.89 and traded as low as $12.54. CBRE Global Real Estate Income Fund shares last traded at $12.64, with a volume of 370,114 shares traded.

CBRE Global Real Estate Income Fund Stock Up 0.8%

The stock’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $13.89.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 5.7%.

Institutional Trading of CBRE Global Real Estate Income Fund

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at $9,578,000. Readystate Asset Management LP purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $6,015,000. Sanctuary Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $3,782,000. Landscape Capital Management L.L.C. purchased a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth $2,182,000. Finally, Quarry LP acquired a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $1,951,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.