Brookfield Real Assets Income Fund (NYSE:RA) Share Price 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.

Brookfield Real Assets Income Fund Stock Performance

The business’s 50 day moving average is $12.76 and its two-hundred day moving average is $12.93.

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.118 per share. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Thursday, September 10th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,390.91%.

Insider Buying and Selling at Brookfield Real Assets Income Fund

In other news, Director Heather S. Goldman sold 2,750 shares of Brookfield Real Assets Income Fund stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $12.72, for a total value of $34,980.00. Following the completion of the transaction, the director directly owned 22 shares of the company’s stock, valued at approximately $279.84. This trade represents a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC acquired a new stake in Brookfield Real Assets Income Fund during the fourth quarter worth approximately $51,000. Fifth Third Bancorp bought a new stake in Brookfield Real Assets Income Fund in the first quarter worth approximately $81,000. US Bancorp DE acquired a new position in Brookfield Real Assets Income Fund in the third quarter valued at approximately $101,000. Merit Financial Group LLC acquired a new position in Brookfield Real Assets Income Fund in the third quarter valued at approximately $140,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Brookfield Real Assets Income Fund by 43.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 10,920 shares of the company’s stock worth $146,000 after buying an additional 3,299 shares in the last quarter.

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.