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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.68 and traded as low as $5.17. CBRE Global Real Estate Income Fund shares last traded at $5.19, with a volume of 748,353 shares trading hands.

CBRE Global Real Estate Income Fund Stock Down 0.7 %

The business’s 50 day moving average price is $5.09 and its 200-day moving average price is $5.68.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.06 dividend. This represents a dividend yield of 13.53%. The ex-dividend date of this dividend is Thursday, February 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IGR. Penserra Capital Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the third quarter valued at approximately $21,010,000. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $1,093,000. Centaurus Financial Inc. acquired a new position in shares of CBRE Global Real Estate Income Fund in the third quarter valued at approximately $1,129,000. Shaker Financial Services LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $802,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $786,000.

About CBRE Global Real Estate Income Fund

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.