CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Pass Below 200 Day Moving Average – Time to Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.64 and traded as low as $4.60. CBRE Global Real Estate Income Fund shares last traded at $4.6550, with a volume of 500,529 shares traded.

CBRE Global Real Estate Income Fund Price Performance

The stock has a 50-day moving average of $4.61 and a two-hundred day moving average of $4.64.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 18th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend is Thursday, June 18th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently bought and sold shares of IGR. Royal Bank of Canada increased its stake in CBRE Global Real Estate Income Fund by 17.9% in the 1st quarter. Royal Bank of Canada now owns 365,245 shares of the closed-end fund’s stock worth $1,885,000 after purchasing an additional 55,324 shares during the period. Envestnet Asset Management Inc. purchased a new position in CBRE Global Real Estate Income Fund in the 2nd quarter worth approximately $112,000. Northwestern Mutual Wealth Management Co. purchased a new position in CBRE Global Real Estate Income Fund in the 2nd quarter worth approximately $41,000. NewEdge Advisors LLC increased its stake in CBRE Global Real Estate Income Fund by 123.2% in the 2nd quarter. NewEdge Advisors LLC now owns 42,605 shares of the closed-end fund’s stock worth $225,000 after purchasing an additional 23,515 shares during the period. Finally, Raymond James Financial Inc. increased its stake in CBRE Global Real Estate Income Fund by 7.2% in the 2nd quarter. Raymond James Financial Inc. now owns 166,585 shares of the closed-end fund’s stock worth $881,000 after purchasing an additional 11,151 shares during the period.

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.