Brookfield Real Assets Income Fund (NYSE:RA) Stock Passes Above 200 Day Moving Average – What’s Next?

Brookfield Real Assets Income Fund Inc. (NYSE:RA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.93 and traded as high as $12.95. Brookfield Real Assets Income Fund shares last traded at $12.8920, with a volume of 121,335 shares traded.

Brookfield Real Assets Income Fund Price Performance

The business has a 50-day simple moving average of $12.76 and a 200 day simple moving average of $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 issued a $0.118 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) annualized dividend and a yield of 10.9%. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -1,390.91%.

Insiders Place Their Bets

In other Brookfield Real Assets Income Fund news, Director Heather S. Goldman sold 2,750 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $12.72, for a total transaction of $34,980.00. Following the completion of the sale, the director owned 22 shares of the company’s stock, valued at approximately $279.84. This represents a 99.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

A number of institutional investors have recently modified their holdings of RA. Closed End Fund Advisors Inc. bought a new stake in Brookfield Real Assets Income Fund during the fourth quarter valued at $1,463,000. Riverbridge Partners LLC lifted its stake in shares of Brookfield Real Assets Income Fund by 72.9% in the 4th quarter. Riverbridge Partners LLC now owns 221,307 shares of the company’s stock valued at $2,868,000 after purchasing an additional 93,313 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Brookfield Real Assets Income Fund by 203.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company’s stock valued at $858,000 after purchasing an additional 44,404 shares during the period. Sit Investment Associates Inc. bought a new stake in shares of Brookfield Real Assets Income Fund during the 4th quarter valued at about $28,709,000. Finally, Rareview Capital LLC grew its stake in Brookfield Real Assets Income Fund by 21.1% during the first quarter. Rareview Capital LLC now owns 253,193 shares of the company’s stock worth $3,385,000 after purchasing an additional 44,116 shares during the period.

About Brookfield Real Assets Income Fund

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.