Brookfield Real Assets Income Fund (NYSE:RA) Stock Price Crosses 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 $13.26 and traded as high as $13.46. Brookfield Real Assets Income Fund shares last traded at $13.34, with a volume of 181,477 shares traded.

Brookfield Real Assets Income Fund Stock Performance

The firm’s 50 day moving average price is $13.38 and its two-hundred day moving average price is $13.26.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.42 annualized dividend and a dividend yield of 10.61%. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,281.82%.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in RA. Private Advisor Group LLC lifted its position in shares of Brookfield Real Assets Income Fund by 280.0% during the 2nd quarter. Private Advisor Group LLC now owns 59,033 shares of the company’s stock worth $753,000 after buying an additional 43,500 shares during the last quarter. Choreo LLC lifted its holdings in shares of Brookfield Real Assets Income Fund by 65.4% in the second quarter. Choreo LLC now owns 54,226 shares of the company’s stock worth $691,000 after acquiring an additional 21,433 shares during the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Brookfield Real Assets Income Fund by 11.3% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 55,415 shares of the company’s stock valued at $707,000 after purchasing an additional 5,628 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Brookfield Real Assets Income Fund by 450.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 253,718 shares of the company’s stock valued at $3,237,000 after purchasing an additional 207,655 shares during the last quarter. Finally, Logan Stone Capital LLC acquired a new position in Brookfield Real Assets Income Fund during the 2nd quarter worth approximately $2,043,000.

About Brookfield Real Assets Income Fund

Brookfield Real Assets Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc The fund is co-managed by Schroder Investment Management North America Inc It invests in fixed income markets of the United States. The fund primarily invests in securities and other instruments of companies, which includes real estate securities, infrastructure securities, and natural resources securities.