HighTower Advisors LLC Lowers Stake in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

HighTower Advisors LLC trimmed its position in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,501 shares of the company’s stock after selling 7,894 shares during the quarter. HighTower Advisors LLC’s holdings in Brookfield Real Assets Income Fund were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Brookfield Real Assets Income Fund by 45.8% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 17,614 shares of the company’s stock valued at $241,000 after acquiring an additional 5,533 shares in the last quarter. Encompass More Asset Management purchased a new position in Brookfield Real Assets Income Fund in the third quarter valued at about $165,000. Sterneck Capital Management LLC lifted its stake in shares of Brookfield Real Assets Income Fund by 8.1% during the fourth quarter. Sterneck Capital Management LLC now owns 34,563 shares of the company’s stock worth $460,000 after purchasing an additional 2,600 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Brookfield Real Assets Income Fund by 10.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,658 shares of the company’s stock worth $195,000 after buying an additional 1,353 shares during the period. Finally, Drive Wealth Management LLC grew its stake in shares of Brookfield Real Assets Income Fund by 19.6% in the fourth quarter. Drive Wealth Management LLC now owns 100,024 shares of the company’s stock valued at $1,332,000 after buying an additional 16,419 shares in the last quarter.

Brookfield Real Assets Income Fund Price Performance

Brookfield Real Assets Income Fund stock opened at $13.20 on Thursday. Brookfield Real Assets Income Fund Inc. has a one year low of $12.17 and a one year high of $13.77. The stock’s 50 day moving average price is $13.33 and its 200 day moving average price is $13.40.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were paid a $0.118 dividend. The ex-dividend date was Thursday, February 6th. This represents a dividend yield of 10.52%. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,281.82%.

About Brookfield Real Assets Income Fund

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.