What’s in CBRE Clarion Global Real Estate Incm Fd (IGR) After Forming Wedge Up Pattern?

September 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.04, from 1.18 in 2016Q3. It dived, as 13 investors sold CBRE Clarion Global Real Estate Incm Fd shares while 24 reduced holdings. 15 funds opened positions while 27 raised stakes. 23.15 million shares or 8.07% more from 21.42 million shares in 2016Q3 were reported.
8,195 were accumulated by Northwestern Mutual Wealth Mgmt. Susquehanna Group Inc Limited Liability Partnership has invested 0% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Tfs Cap Limited Company has 43,514 shares. Hightower Ltd Liability Corp, Illinois-based fund reported 89,808 shares. Weiss Asset Ltd Partnership accumulated 98,327 shares or 0.11% of the stock. Goldman Sachs invested 0% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Scotia Cap Incorporated holds 200,468 shares. Windsor Grp Inc invested in 265,573 shares or 0.92% of the stock. Cetera Advisor Netwr Ltd Liability invested 0.01% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Meridian Invest Counsel reported 50,866 shares stake. Cetera Advisors has invested 0.13% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Foster And Motley stated it has 21,554 shares. Ameriprise Fincl has 225,430 shares for 0% of their portfolio. Fifth Third Bancorp reported 2,000 shares or 0% of all its holdings. Cohen & Steers Inc holds 0% or 128,977 shares in its portfolio.

The stock of CBRE Clarion Global Real Estate Incm Fd (IGR) formed an up wedge with $8.11 target or 3.00 % above today’s $7.87 share price. The 6 months wedge indicates low risk for the $917.57M company. If the $8.11 price target is reached, the company will be worth $27.53 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.51% or $0.04 on September 15, reaching $7.87. About 237,856 shares traded. CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) has declined 3.62% since September 17, 2016 and is downtrending. It has underperformed by 20.32% the S&P500.

More important recent CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) news were published by: Businesswire.com which released: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly …” on September 11, 2017, also Seekingalpha.com published article titled: “CBRE Clarion Global Real Estate Income Fund: Only Half A World Away”, Investorplace.com published: “3 CEFs With Growth and Yield (NRO, IGR, JRS)” on October 11, 2016. More interesting news about CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) was released by: Businesswire.com and their article: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Board of Trustees …” with publication date: February 29, 2016.

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