Raymond James & Associates Reduces Holdings in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Raymond James & Associates cut its stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,172 shares of the company’s stock after selling 14,689 shares during the quarter. Raymond James & Associates’ holdings in Brookfield Real Assets Income Fund were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Sterneck Capital Management LLC boosted its holdings in Brookfield Real Assets Income Fund by 44.2% during the 4th quarter. Sterneck Capital Management LLC now owns 45,606 shares of the company’s stock valued at $584,000 after acquiring an additional 13,980 shares during the period. Mutual Advisors LLC purchased a new stake in Brookfield Real Assets Income Fund in the 4th quarter worth approximately $176,000. Advisor Resource Council purchased a new stake in Brookfield Real Assets Income Fund in the 4th quarter worth approximately $624,000. Comerica Bank purchased a new stake in Brookfield Real Assets Income Fund in the 3rd quarter worth approximately $42,000. Finally, Morgan Stanley lifted its holdings in Brookfield Real Assets Income Fund by 19.2% in the 3rd quarter. Morgan Stanley now owns 2,295,987 shares of the company’s stock worth $28,126,000 after buying an additional 370,172 shares during the period.

Brookfield Real Assets Income Fund Trading Up 0.6 %

NYSE RA opened at $12.49 on Friday. Brookfield Real Assets Income Fund Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $17.32. The stock has a 50 day simple moving average of $12.84 and a two-hundred day simple moving average of $12.69.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be given a $0.118 dividend. This represents a $1.42 annualized dividend and a dividend yield of 11.34%. The ex-dividend date is Tuesday, June 11th. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,754.55%.

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.