Envestnet Asset Management Inc. Acquires 43,107 Shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Envestnet Asset Management Inc. boosted its stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 13.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 357,143 shares of the company’s stock after buying an additional 43,107 shares during the period. Envestnet Asset Management Inc.’s holdings in Brookfield Real Assets Income Fund were worth $4,757,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RA. Sterneck Capital Management LLC lifted 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 in the last quarter. SeaCrest Wealth Management LLC lifted its stake in 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 valued at $195,000 after acquiring an additional 1,353 shares in the last quarter. Encompass More Asset Management lifted its stake in Brookfield Real Assets Income Fund by 17.1% in the 4th quarter. Encompass More Asset Management now owns 14,134 shares of the company’s stock valued at $188,000 after acquiring an additional 2,062 shares in the last quarter. Drive Wealth Management LLC boosted its position in Brookfield Real Assets Income Fund by 19.6% during the 4th quarter. Drive Wealth Management LLC now owns 100,024 shares of the company’s stock worth $1,332,000 after acquiring an additional 16,419 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of Brookfield Real Assets Income Fund by 47.4% during the 4th quarter. Choreo LLC now owns 99,707 shares of the company’s stock worth $1,328,000 after acquiring an additional 32,050 shares in the last quarter.

Brookfield Real Assets Income Fund Trading Up 1.1 %

NYSE RA opened at $12.60 on Wednesday. The firm’s 50 day moving average is $13.05 and its 200-day moving average is $13.28. Brookfield Real Assets Income Fund Inc. has a 12-month low of $11.87 and a 12-month high of $13.77.

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.118 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.42 annualized dividend and a yield of 11.24%. Brookfield Real Assets Income Fund’s 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.