Key Points
- Director Heather Goldman sold 2,750 shares of Brookfield Real Assets Income Fund (NYSE:RA) on May 13 at an average price of $12.72, totaling $34,980. After the sale, she retained just 22 shares, a 99.21% reduction in her position.
- The fund announced a monthly dividend of $0.118 per share, payable June 25 to shareholders of record on June 11. The dividend implies an annualized yield of 11.1%.
- RA shares recently traded around $12.73, near the lower end of their 52-week range of $12.50 to $13.59 and slightly below both the 50-day and 200-day moving averages.
Brookfield Real Assets Income Fund Inc. (NYSE:RA - Get Free Report) Director Heather Goldman sold 2,750 shares of Brookfield Real Assets Income Fund stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $12.72, for a total transaction of $34,980.00. Following the completion of the transaction, the director directly owned 22 shares of the company's stock, valued at approximately $279.84. This trade represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brookfield Real Assets Income Fund Price Performance
Shares of RA opened at $12.73 on Friday. The firm has a 50-day moving average of $12.88 and a 200-day moving average of $13.02. Brookfield Real Assets Income Fund Inc. has a one year low of $12.50 and a one year high of $13.59.
Brookfield Real Assets Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.118 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Thursday, June 11th. Brookfield Real Assets Income Fund's dividend payout ratio (DPR) is -1,390.91%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RA. First Trust Advisors LP grew its position in shares of Brookfield Real Assets Income Fund by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 119,644 shares of the company's stock valued at $1,600,000 after acquiring an additional 4,164 shares during the period. Ameriprise Financial Inc. grew its position in shares of Brookfield Real Assets Income Fund by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,882 shares of the company's stock valued at $547,000 after acquiring an additional 3,720 shares during the period. Prevail Innovative Wealth Advisors LLC grew its position in shares of Brookfield Real Assets Income Fund by 12.2% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 121,418 shares of the company's stock valued at $1,623,000 after acquiring an additional 13,219 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Brookfield Real Assets Income Fund by 43.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 10,920 shares of the company's stock worth $146,000 after buying an additional 3,299 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Brookfield Real Assets Income Fund during the 3rd quarter worth about $140,000.
About Brookfield Real Assets Income Fund
(
Get Free Report)
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.
Further Reading
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