CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.62 and traded as low as $4.49. CBRE Global Real Estate Income Fund shares last traded at $4.4950, with a volume of 326,152 shares trading hands.

CBRE Global Real Estate Income Fund Stock Performance

The company has a 50 day moving average price of $4.66 and a 200 day moving average price of $4.62.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a c) annualized dividend and a yield of 15.6%.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CBRE Global Real Estate Income Fund during the 2nd quarter worth about $41,000. Jump Financial LLC acquired a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $44,000. PFG Investments LLC bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $44,000. Fifth Third Wealth Advisors LLC bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $47,000. Finally, Boothbay Fund Management LLC acquired a new stake in CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $48,000.

About CBRE Global Real Estate Income Fund

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.