The company is so far trading up by 0.41 percent from yesterday’s close. Shares are trading at $9.74 a bit higher than $9.43, the stock’s 50 day moving average and just above the 200 day moving average of $9.14. The 50 day moving average moved up $0.30 and the 200 day average moved up $0.59.
There has been some buying insider activity on Cohen & Steers Global Income Bu (NYSE:INB) recently. Yigal Dan Jhirad, VP disclosed the purchase of 1,200 shares. The shares were bought on February 10th for an average price of $9.24. Jhirad now owns $20,328 of the stock according to the SEC filing. VP Yigal Dan Jhirad disclosed the purchase of 1,000 shares of (INB). The shares were purchased at an average price of $9.25. The VP now owns $9,250 of the stock per the Form 4 SEC filing.
Cohen & Steers Global Income Builder, Inc. (the Fund), launched on April 10, 2007, is a non-diversified, closed-end management investment company. The Fund?s investment objective is total return, with an emphasis on current income, including capital appreciation. The Fund seeks to invest at least 80% of its managed assets in dividend-paying common stocks and preferred stocks. It may invest without limitation in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts (such as American depositary receipts) that represent indirect interests in securities of foreign issuers. In addition, up to 25% of the Fund?s managed assets may be invested in each of the real estate, utility and financial services industries. It may write (sell) covered call options on securities in its portfolio. The Fund also may write call options on broad-based United States, foreign and/or regional stock indexes. The Fund?s investment manager is Cohen & Steers Capital Management, Inc..
These firms have also modified their investment in INB. As of quarter end Shaker Financial Services, LLC had sold 46,133 shares trimming its position 36.4%. The value of the investment in INB went from $1,127,000 to $738,000 a change of $389,000 quarter to quarter. Guggenheim Capital LLC divested its position by shedding 28,174 shares a decrease of 3.5% as of 03/31/2017. Guggenheim Capital LLC claims 786,209 shares with a value of $7,202,000. The value of the position overall is up by 3.7%.
As of the end of the quarter Invesco Ltd. had acquired a total of 4,820 shares growing its holdings by 2.0%. The value of the total investment in Cohen & Steers Global Income Bu increased from $2,061,000 to $2,257,000 a change of 9.5% quarter over quarter. As of the end of the quarter Bank Of America Corp /de/ had acquired a total of 12,557 shares growing its stake by 23.5%. The value of the investment in Cohen & Steers Global Income Bu increased from $456,000 to $605,000 increasing 32.7% for the reporting period.