Brookfield Real Assets Income Fund (NYSE:RA) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Brookfield Real Assets Income Fund Inc. (NYSE:RA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.17 and traded as high as $13.44. Brookfield Real Assets Income Fund shares last traded at $13.4350, with a volume of 177,285 shares traded.

Brookfield Real Assets Income Fund Stock Up 0.3%

The stock’s 50 day moving average price is $13.01 and its 200 day moving average price is $13.17.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.118 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Thursday, March 12th. Brookfield Real Assets Income Fund’s payout ratio is currently -1,390.91%.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

A number of large investors have recently modified their holdings of RA. Gridiron Partners LLC raised its holdings in shares of Brookfield Real Assets Income Fund by 2,944.1% during the 3rd quarter. Gridiron Partners LLC now owns 960,489 shares of the company’s stock valued at $128,000 after buying an additional 928,937 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Brookfield Real Assets Income Fund in the second quarter valued at approximately $1,967,000. Guggenheim Capital LLC raised its stake in shares of Brookfield Real Assets Income Fund by 24.2% during the second quarter. Guggenheim Capital LLC now owns 652,292 shares of the company’s stock valued at $8,721,000 after purchasing an additional 127,229 shares during the period. Morgan Stanley raised its stake in shares of Brookfield Real Assets Income Fund by 2.8% during the fourth quarter. Morgan Stanley now owns 4,411,299 shares of the company’s stock valued at $57,170,000 after purchasing an additional 118,651 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Brookfield Real Assets Income Fund during the fourth quarter worth $1,463,000.

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.