CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) Trading 14.1% Higher

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CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) traded up 14.1% on Wednesday . The stock traded as high as $4.34 and last traded at $4.87, 67,110 shares traded hands during mid-day trading. A decline of 87% from the average session volume of 518,575 shares. The stock had previously closed at $4.27.

The company has a 50-day simple moving average of $7.08 and a two-hundred day simple moving average of $7.71.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.60 annualized dividend and a dividend yield of 11.36%.

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of CBRE Clarion Global Real Estate Incm Fd by 394.4% in the fourth quarter. Advisory Services Network LLC now owns 3,901 shares of the closed-end fund’s stock worth $31,000 after purchasing an additional 3,112 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of CBRE Clarion Global Real Estate Incm Fd in the fourth quarter worth $44,000. Ameritas Investment Company LLC grew its stake in shares of CBRE Clarion Global Real Estate Incm Fd by 19.6% in the fourth quarter. Ameritas Investment Company LLC now owns 8,425 shares of the closed-end fund’s stock worth $68,000 after purchasing an additional 1,380 shares in the last quarter. Atticus Wealth Management LLC bought a new position in shares of CBRE Clarion Global Real Estate Incm Fd in the fourth quarter worth $91,000. Finally, NEXT Financial Group Inc grew its stake in shares of CBRE Clarion Global Real Estate Incm Fd by 14.7% in the fourth quarter. NEXT Financial Group Inc now owns 12,300 shares of the closed-end fund’s stock worth $99,000 after purchasing an additional 1,575 shares in the last quarter.

About CBRE Clarion Global Real Estate Incm Fd (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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