Kestra Private Wealth Services LLC Invests $180,000 in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Kestra Private Wealth Services LLC bought a new position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RAFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,705 shares of the company’s stock, valued at approximately $180,000.

A number of other large investors have also added to or reduced their stakes in the business. Morgan Stanley raised its stake in Brookfield Real Assets Income Fund by 2.6% in the 4th quarter. Morgan Stanley now owns 1,642,514 shares of the company’s stock valued at $26,527,000 after acquiring an additional 42,386 shares during the period. Cetera Advisor Networks LLC raised its stake in Brookfield Real Assets Income Fund by 9.9% in the 2nd quarter. Cetera Advisor Networks LLC now owns 1,136,548 shares of the company’s stock valued at $19,049,000 after acquiring an additional 102,215 shares during the period. Centaurus Financial Inc. raised its stake in Brookfield Real Assets Income Fund by 0.3% in the 1st quarter. Centaurus Financial Inc. now owns 257,982 shares of the company’s stock valued at $5,351,000 after acquiring an additional 887 shares during the period. Bank of America Corp DE raised its stake in Brookfield Real Assets Income Fund by 1.5% in the 4th quarter. Bank of America Corp DE now owns 212,168 shares of the company’s stock valued at $3,427,000 after acquiring an additional 3,103 shares during the period. Finally, LPL Financial LLC raised its stake in Brookfield Real Assets Income Fund by 0.6% in the 2nd quarter. LPL Financial LLC now owns 181,937 shares of the company’s stock valued at $3,049,000 after acquiring an additional 1,162 shares during the period.

Brookfield Real Assets Income Fund Stock Performance

RA opened at $12.86 on Friday. The stock’s fifty day simple moving average is $12.90 and its 200 day simple moving average is $13.32. Brookfield Real Assets Income Fund Inc. has a 1-year low of $11.89 and a 1-year high of $18.23.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Wednesday, February 7th will be issued a $0.118 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend is Tuesday, February 6th. Brookfield Real Assets Income Fund’s dividend payout ratio is -1,909.09%.

Brookfield Real Assets Income Fund Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Brookfield Real Assets Income Fund (NYSE:RA)

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