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

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.

Brookfield Real Assets Income Fund Price Performance

The stock’s 50-day moving average price is $13.38 and its 200-day moving average price is $13.26.

Brookfield Real Assets Income Fund Announces Dividend

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 dividend of $0.118 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date is Friday, January 10th. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,281.82%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Hudson Valley Investment Advisors Inc. ADV purchased a new position in Brookfield Real Assets Income Fund in the third quarter valued at approximately $137,000. Encompass More Asset Management bought a new position in shares of Brookfield Real Assets Income Fund during the 3rd quarter worth $165,000. SeaCrest Wealth Management LLC boosted its position in Brookfield Real Assets Income Fund by 9.6% during the third quarter. SeaCrest Wealth Management LLC now owns 13,305 shares of the company’s stock worth $182,000 after purchasing an additional 1,169 shares during the period. Atomi Financial Group Inc. boosted its holdings in Brookfield Real Assets Income Fund by 10.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 17,552 shares of the company’s stock worth $240,000 after buying an additional 1,629 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its stake in Brookfield Real Assets Income Fund by 45.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 17,614 shares of the company’s stock valued at $241,000 after buying an additional 5,533 shares in the last quarter.

Brookfield Real Assets Income Fund Company Profile

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.