Brookfield Real Assets Income Fund (NYSE:RA) Stock Crosses Above 50-Day Moving Average – Here’s Why

Brookfield Real Assets Income Fund Inc. (NYSE:RA – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $11.87 and traded as high as $12.05. Brookfield Real Assets Income Fund shares last traded at $12.0250, with a volume of 147,441 shares traded.

Brookfield Real Assets Income Fund Price Performance

The firm has a 50-day moving average price of $11.87 and a 200 day moving average price of $12.64.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be paid a $0.1180 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.42 annualized dividend and a yield of 11.8%. Brookfield Real Assets Income Fund’s payout ratio is -1,390.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RA. Riverbridge Partners LLC boosted its holdings in Brookfield Real Assets Income Fund by 10.2% in the 3rd quarter. Riverbridge Partners LLC now owns 266,541 shares of the company’s stock valued at $3,079,000 after purchasing an additional 24,749 shares during the period. Lido Advisors LLC increased its holdings in shares of Brookfield Real Assets Income Fund by 88.4% during the third quarter. Lido Advisors LLC now owns 100,593 shares of the company’s stock worth $1,162,000 after purchasing an additional 47,190 shares during the period. StoneX Group Inc. bought a new position in shares of Brookfield Real Assets Income Fund during the third quarter worth approximately $243,000. Pekin Hardy Strauss Inc. raised its position in shares of Brookfield Real Assets Income Fund by 1.1% in the third quarter. Pekin Hardy Strauss Inc. now owns 79,805 shares of the company’s stock valued at $922,000 after buying an additional 900 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Brookfield Real Assets Income Fund by 13.7% in the third quarter. Kestra Advisory Services LLC now owns 46,767 shares of the company’s stock valued at $540,000 after buying an additional 5,623 shares in the last quarter.

Brookfield Real Assets Income Fund Company Profile

(Get Free Report)

Brookfield Real Assets Income Fund (NYSE: RA) is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests in a diversified portfolio of securities connected to real assets, including real estate, infrastructure and natural resources.

Its investments may include debt and equity securities issued by companies and entities operating in real asset sectors, as well as preferred securities and other income-producing instruments.

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