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

Raymond James & Associates reduced its position in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 10.5% in the 4th quarter, HoldingsChannel.com reports. 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).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sterneck Capital Management LLC increased its holdings in Brookfield Real Assets Income Fund by 44.2% in the fourth quarter. Sterneck Capital Management LLC now owns 45,606 shares of the company’s stock valued at $584,000 after buying an additional 13,980 shares in the last quarter. Mutual Advisors LLC purchased a new stake in shares of Brookfield Real Assets Income Fund during the 4th quarter worth about $176,000. Advisor Resource Council acquired a new stake in shares of Brookfield Real Assets Income Fund during the 4th quarter valued at about $624,000. Comerica Bank purchased a new position in shares of Brookfield Real Assets Income Fund in the 3rd quarter valued at about $42,000. Finally, Morgan Stanley increased its stake in shares of 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 valued at $28,126,000 after purchasing an additional 370,172 shares in the last quarter.

Brookfield Real Assets Income Fund Stock Up 0.6 %

NYSE RA opened at $12.49 on Friday. The stock has a 50-day moving average of $12.84 and a 200 day moving average of $12.69. Brookfield Real Assets Income Fund Inc. has a twelve month low of $11.89 and a twelve month high of $17.32.

Brookfield Real Assets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.118 per share. 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 payout ratio is -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.