Brookfield Real Assets Income Fund (NYSE:RA) Shares Cross Above 200 Day Moving Average – Here’s Why

Brookfield Real Assets Income Fund Inc. (NYSE:RA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Brookfield Real Assets Income Fund Price Performance

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

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.118 per share. The ex-dividend date of this dividend 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 (DPR) is currently -1,390.91%.

Insider Buying and Selling

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 stock was sold at an average price of $12.72, for a total transaction of $34,980.00. Following the transaction, the director directly owned 22 shares in the company, valued at approximately $279.84. This represents a 99.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Brookfield Real Assets Income Fund

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its stake in 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 worth $57,170,000 after acquiring an additional 118,651 shares in the last quarter. Sit Investment Associates Inc. bought a new stake in Brookfield Real Assets Income Fund in the fourth quarter valued at $28,709,000. Wells Fargo & Company MN increased its stake in Brookfield Real Assets Income Fund by 3.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,430,893 shares of the company’s stock valued at $18,544,000 after purchasing an additional 44,571 shares in the last quarter. Guggenheim Capital LLC increased its stake in Brookfield Real Assets Income Fund by 15.4% in the fourth quarter. Guggenheim Capital LLC now owns 876,989 shares of the company’s stock valued at $11,366,000 after purchasing an additional 116,875 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Brookfield Real Assets Income Fund by 6.6% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 772,267 shares of the company’s stock valued at $10,009,000 after purchasing an additional 47,561 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.