Brookfield Real Assets Income Fund (NYSE:RA) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Brookfield Real Assets Income Fund Inc. (NYSE:RAGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.93 and traded as high as $12.97. Brookfield Real Assets Income Fund shares last traded at $12.9540, with a volume of 122,956 shares changing hands.

Brookfield Real Assets Income Fund Stock Down 0.7%

The firm’s 50-day simple moving average is $12.78 and its 200-day simple moving average is $12.93.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.118 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Thursday, September 10th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,390.91%.

Insiders Place Their Bets

In related news, Director Heather S. Goldman sold 2,750 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $12.72, for a total transaction of $34,980.00. Following the transaction, the director directly owned 22 shares in the company, valued at $279.84. The trade was a 99.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Brookfield Real Assets Income Fund

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Brookfield Real Assets Income Fund by 3.6% during the second quarter. First Trust Advisors LP now owns 119,644 shares of the company’s stock valued at $1,600,000 after purchasing an additional 4,164 shares during the period. Ameriprise Financial Inc. lifted its position in Brookfield Real Assets Income Fund by 10.0% in the second quarter. Ameriprise Financial Inc. now owns 40,882 shares of the company’s stock worth $547,000 after purchasing an additional 3,720 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its position in Brookfield Real Assets Income Fund by 12.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 121,418 shares of the company’s stock worth $1,623,000 after purchasing an additional 13,219 shares during the period. Geneos Wealth Management Inc. lifted its position in Brookfield Real Assets Income Fund by 43.3% in the second quarter. Geneos Wealth Management Inc. now owns 10,920 shares of the company’s stock worth $146,000 after purchasing an additional 3,299 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Brookfield Real Assets Income Fund during the third quarter worth $140,000.

Brookfield Real Assets Income Fund Company Profile

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Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.

The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.

Further Reading

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