Envestnet Asset Management Inc. Grows Position in Brookfield Real Assets Income Fund Inc. $RA

Envestnet Asset Management Inc. boosted its position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 14.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 498,401 shares of the company’s stock after purchasing an additional 62,216 shares during the period. Envestnet Asset Management Inc.’s holdings in Brookfield Real Assets Income Fund were worth $6,659,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its stake in shares of Brookfield Real Assets Income Fund by 71.8% during the second quarter. Stratos Wealth Partners LTD. now owns 24,804 shares of the company’s stock valued at $332,000 after buying an additional 10,365 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of Brookfield Real Assets Income Fund by 47.7% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 54,814 shares of the company’s stock worth $733,000 after acquiring an additional 17,710 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Brookfield Real Assets Income Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 377,277 shares of the company’s stock valued at $5,044,000 after acquiring an additional 11,136 shares during the period. Allworth Financial LP bought a new position in Brookfield Real Assets Income Fund in the 2nd quarter valued at $48,000. Finally, City of London Investment Management Co. Ltd. grew its position in Brookfield Real Assets Income Fund by 16.0% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 319,281 shares of the company’s stock valued at $4,269,000 after acquiring an additional 44,000 shares during the last quarter.

Brookfield Real Assets Income Fund Trading Down 0.1%

NYSE:RA opened at $13.49 on Friday. Brookfield Real Assets Income Fund Inc. has a twelve month low of $11.87 and a twelve month high of $13.59. The stock has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $13.18.

Brookfield Real Assets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $0.118 dividend. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Thursday, March 12th. Brookfield Real Assets Income Fund’s payout ratio is -1,390.91%.

Brookfield Real Assets Income Fund Profile

Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.

The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.