Brookfield Real Assets Income Fund (NYSE:RA) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Brookfield Real Assets Income Fund Inc. (NYSE:RA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.19 and traded as high as $13.53. Brookfield Real Assets Income Fund shares last traded at $13.52, with a volume of 103,408 shares trading hands.

Brookfield Real Assets Income Fund Stock Down 0.3%

The stock has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $13.20.

Brookfield Real Assets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $0.118 dividend. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Thursday, March 12th. Brookfield Real Assets Income Fund’s payout ratio is currently -1,390.91%.

Hedge Funds Weigh In On Brookfield Real Assets Income Fund

Institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC increased its holdings in shares of Brookfield Real Assets Income Fund by 59.2% in the 3rd quarter. CoreCap Advisors LLC now owns 2,576 shares of the company’s stock worth $34,000 after buying an additional 958 shares during the last quarter. Allworth Financial LP bought a new position in shares of Brookfield Real Assets Income Fund in the 2nd quarter valued at about $48,000. Global Retirement Partners LLC grew its position in Brookfield Real Assets Income Fund by 97.1% in the third quarter. Global Retirement Partners LLC now owns 3,850 shares of the company’s stock worth $51,000 after acquiring an additional 1,897 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Brookfield Real Assets Income Fund during the fourth quarter worth approximately $51,000. Finally, US Bancorp DE bought a new stake in Brookfield Real Assets Income Fund during the third quarter worth approximately $101,000.

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.