Brookfield Real Assets Income Fund (NYSE:RA) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $11.87 and traded as high as $12.05. Brookfield Real Assets Income Fund shares last traded at $12.0250, with a volume of 147,441 shares.

Brookfield Real Assets Income Fund Stock Up 1.4%

The firm has a fifty day moving average of $11.87 and a two-hundred day moving average of $12.64.

Brookfield Real Assets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.1180 per share. The ex-dividend date is Thursday, December 10th. This represents a $1.42 dividend on an annualized basis and a yield of 11.8%. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,390.91%.

Hedge Funds Weigh In On Brookfield Real Assets Income Fund

Institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Brookfield Real Assets Income Fund in the second quarter worth $44,000. Fifth Third Bancorp bought a new position in Brookfield Real Assets Income Fund during the 1st quarter worth approximately $81,000. StoneX Group Inc. purchased a new position in shares of Brookfield Real Assets Income Fund in the 3rd quarter worth approximately $243,000. Mallini Complete Financial Planning LLC raised its stake in Brookfield Real Assets Income Fund by 6.2% in the second quarter. Mallini Complete Financial Planning LLC now owns 19,121 shares of the company’s stock valued at $246,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Secure Asset Management LLC bought a new stake in shares of Brookfield Real Assets Income Fund during the 2nd quarter valued at about $263,000.

About Brookfield Real Assets Income Fund

Brookfield Real Assets Income Fund (NYSE: RA) is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests in a diversified portfolio of securities connected to real assets, including real estate, infrastructure and natural resources.

Its investments may include debt and equity securities issued by companies and entities operating in real asset sectors, as well as preferred securities and other income-producing instruments.