CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Passes Below 200 Day Moving Average of $8.51


CBRE Global Real Estate Income Fund (NYSE:IGR – Get Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.51 and traded as low as $6.95. CBRE Global Real Estate Income Fund shares last traded at $7.03, with a volume of 192,031 shares changing hands.

The company’s 50-day moving average is $7.90 and its 200 day moving average is $8.51.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, June 21st will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend is Friday, June 17th.

Institutional investors have recently made changes to their positions in the stock. Reilly Financial Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $33,000. Tortoise Investment Management LLC purchased a new position in CBRE Global Real Estate Income Fund during the 1st quarter worth approximately $36,000. UMB Bank NA MO purchased a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $40,000. Gemmer Asset Management LLC raised its position in CBRE Global Real Estate Income Fund by 618.8% during the 1st quarter. Gemmer Asset Management LLC now owns 5,750 shares of the closed-end fund’s stock worth $51,000 after buying an additional 4,950 shares during the last quarter. Finally, Confluence Wealth Services Inc. purchased a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $56,000.

CBRE Global Real Estate Income Fund Company Profile (NYSE:IGR)

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.

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