Raymond James Financial Inc. Makes New $3.55 Million Investment in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Raymond James Financial Inc. acquired a new stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 266,480 shares of the company’s stock, valued at approximately $3,550,000.

Several other hedge funds have also recently made changes to their positions in the company. Encompass More Asset Management purchased a new stake in shares of Brookfield Real Assets Income Fund during the 3rd quarter worth about $165,000. HighTower Advisors LLC boosted its position in Brookfield Real Assets Income Fund by 3.4% during the third quarter. HighTower Advisors LLC now owns 84,395 shares of the company’s stock worth $1,152,000 after acquiring an additional 2,758 shares during the last quarter. Sterneck Capital Management LLC increased its holdings in shares of Brookfield Real Assets Income Fund by 8.1% in the fourth quarter. Sterneck Capital Management LLC now owns 34,563 shares of the company’s stock valued at $460,000 after purchasing an additional 2,600 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Brookfield Real Assets Income Fund by 10.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,658 shares of the company’s stock worth $195,000 after acquiring 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 4th 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 during the period.

Brookfield Real Assets Income Fund Stock Performance

Shares of RA opened at $13.17 on Friday. Brookfield Real Assets Income Fund Inc. has a 12-month low of $12.17 and a 12-month high of $13.77. The company’s 50-day moving average price is $13.33 and its 200 day moving average price is $13.40.

Brookfield Real Assets Income Fund Dividend Announcement

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

Brookfield Real Assets Income Fund 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.