Brookfield Real Assets Income Fund (NYSE:RA) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Brookfield Real Assets Income Fund Inc. (NYSE:RA)’s share price passed 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 changing hands.

Brookfield Real Assets Income Fund Price Performance

The company’s 50 day moving average is $11.87 and its 200-day moving average is $12.64.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be paid a dividend of $0.1180 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $1.42 annualized dividend and a yield of 11.8%. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -1,390.91%.

Hedge Funds Weigh In On Brookfield Real Assets Income Fund

Several large investors have recently added to or reduced their stakes in RA. Integrated Wealth Concepts LLC acquired a new position in Brookfield Real Assets Income Fund during the 2nd quarter valued at about $44,000. Fifth Third Bancorp bought a new position in Brookfield Real Assets Income Fund in the first quarter valued at $81,000. StoneX Group Inc. bought a new position in Brookfield Real Assets Income Fund during the third quarter worth about $243,000. Mallini Complete Financial Planning LLC lifted its holdings in shares of Brookfield Real Assets Income Fund by 6.2% during the second quarter. Mallini Complete Financial Planning LLC now owns 19,121 shares of the company’s stock worth $246,000 after purchasing an additional 1,111 shares during the period. Finally, Secure Asset Management LLC purchased a new stake in Brookfield Real Assets Income Fund in the 2nd quarter valued at $263,000.

Brookfield Real Assets Income Fund Company Profile

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.