Brookfield Real Assets Income Fund (NYSE:RA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Brookfield Real Assets Income Fund Inc. (NYSE:RA) passed 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 company has a 50-day moving average price of $13.38 and a 200-day moving average price of $13.26.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.118 per share. The ex-dividend date 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%.

Hedge Funds Weigh In On Brookfield Real Assets Income Fund

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its position in Brookfield Real Assets Income Fund by 280.0% during the second 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 period. Choreo LLC lifted its holdings in shares of Brookfield Real Assets Income Fund by 65.4% during the 2nd 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 period. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Brookfield Real Assets Income Fund by 11.3% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 55,415 shares of the company’s stock worth $707,000 after acquiring an additional 5,628 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Brookfield Real Assets Income Fund by 450.8% in the second 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 period. Finally, Logan Stone Capital LLC acquired a new position in Brookfield Real Assets Income Fund during the second quarter worth approximately $2,043,000.

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.