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

Raymond James Financial Inc. bought a new stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 266,480 shares of the company’s stock, valued at approximately $3,550,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RA. Encompass More Asset Management purchased a new position in Brookfield Real Assets Income Fund during the third quarter valued at $165,000. Oppenheimer & Co. Inc. purchased a new stake in Brookfield Real Assets Income Fund in the fourth quarter worth approximately $171,000. SeaCrest Wealth Management LLC boosted its stake in shares of Brookfield Real Assets Income Fund by 10.2% in the 4th 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 last quarter. Sterneck Capital Management LLC increased its holdings in 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 valued at $460,000 after buying an additional 2,600 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Brookfield Real Assets Income Fund in the fourth quarter worth about $479,000.

Brookfield Real Assets Income Fund Price Performance

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

Brookfield Real Assets Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were given a dividend of $0.118 per share. This represents a dividend yield of 10.52%. The ex-dividend date of this dividend was Thursday, February 6th. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -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.