Brookfield Real Assets Income Fund (NYSE:RA) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Brookfield Real Assets Income Fund Inc. (NYSE:RA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Brookfield Real Assets Income Fund Stock Performance

The business has a 50 day moving average of $12.78 and a two-hundred day moving average of $12.93.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.118 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, September 10th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is -1,390.91%.

Insider Activity at Brookfield Real Assets Income Fund

In other news, Director Heather S. Goldman sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 in the company, valued at $279.84. The trade was a 99.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Brookfield Real Assets Income Fund

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new stake in Brookfield Real Assets Income Fund in the 4th quarter valued at $51,000. Fifth Third Bancorp acquired a new position in Brookfield Real Assets Income Fund during the first quarter worth $81,000. US Bancorp DE acquired a new position in Brookfield Real Assets Income Fund during the third quarter worth $101,000. Merit Financial Group LLC bought a new position in shares of Brookfield Real Assets Income Fund in the third quarter valued at $140,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of 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 valued at $146,000 after buying an additional 3,299 shares in the last quarter.

Brookfield Real Assets Income Fund Company Profile

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.