Comerica Bank Purchases 10,309 Shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Comerica Bank grew its position in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 210.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,216 shares of the company’s stock after acquiring an additional 10,309 shares during the period. Comerica Bank’s holdings in Brookfield Real Assets Income Fund were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in Brookfield Real Assets Income Fund in the 4th quarter worth approximately $171,000. Encompass More Asset Management raised its position 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 worth $188,000 after purchasing an additional 2,062 shares during the last quarter. SeaCrest Wealth Management LLC raised its position 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 worth $195,000 after purchasing an additional 1,353 shares during the last quarter. Independent Advisor Alliance bought a new position in Brookfield Real Assets Income Fund in the 4th quarter worth approximately $457,000. Finally, Strategic Financial Concepts LLC bought a new position in Brookfield Real Assets Income Fund in the 4th quarter worth approximately $479,000.

Brookfield Real Assets Income Fund Stock Performance

RA stock opened at $12.96 on Friday. The company has a 50 day moving average price of $12.90 and a 200 day moving average price of $13.21. Brookfield Real Assets Income Fund Inc. has a fifty-two week low of $11.87 and a fifty-two week high of $13.77.

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.118 per share. This represents a yield of 10.9%. The ex-dividend date of this dividend is Thursday, May 8th. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -1,281.82%.

About Brookfield Real Assets Income Fund

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.