Pasadena Private Wealth LLC Makes New Investment in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Pasadena Private Wealth LLC acquired a new position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 37,065 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC increased its position in Brookfield Real Assets Income Fund by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 32,890 shares of the company’s stock valued at $438,000 after buying an additional 1,081 shares in the last quarter. Mallini Complete Financial Planning LLC increased its position in Brookfield Real Assets Income Fund by 8.8% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 16,798 shares of the company’s stock valued at $221,000 after buying an additional 1,359 shares in the last quarter. Pekin Hardy Strauss Inc. increased its position in Brookfield Real Assets Income Fund by 8.8% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 37,104 shares of the company’s stock valued at $488,000 after buying an additional 3,000 shares in the last quarter. Arlington Capital Management Inc. increased its position in Brookfield Real Assets Income Fund by 4.9% during the 1st quarter. Arlington Capital Management Inc. now owns 73,644 shares of the company’s stock valued at $969,000 after buying an additional 3,414 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in Brookfield Real Assets Income Fund by 1.0% during the 1st quarter. Penserra Capital Management LLC now owns 366,141 shares of the company’s stock valued at $4,818,000 after buying an additional 3,628 shares in the last quarter.

Brookfield Real Assets Income Fund Price Performance

Shares of RA stock opened at $13.27 on Thursday. The stock’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $13.11. 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 company also recently disclosed a dividend, which was paid on Thursday, July 24th. Stockholders of record on Friday, July 11th were issued a $0.118 dividend. This represents a dividend yield of 10.49%. The ex-dividend date of this dividend was Thursday, July 10th. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -1,281.82%.

Brookfield Real Assets Income Fund Company 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.