Envestnet Asset Management Inc. Purchases 62,216 Shares of 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, HoldingsChannel reports. The firm owned 498,401 shares of the company’s stock after buying 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RA. Penserra Capital Management LLC grew its position in shares of Brookfield Real Assets Income Fund by 21.7% during the 3rd quarter. Penserra Capital Management LLC now owns 459,065 shares of the company’s stock worth $6,133,000 after buying an additional 81,788 shares in the last quarter. Shaker Financial Services LLC lifted its stake in Brookfield Real Assets Income Fund by 9.5% in the third quarter. Shaker Financial Services LLC now owns 42,435 shares of the company’s stock worth $567,000 after acquiring an additional 3,692 shares during the period. CoreCap Advisors LLC grew its holdings in Brookfield Real Assets Income Fund by 59.2% during the 3rd quarter. CoreCap Advisors LLC now owns 2,576 shares of the company’s stock worth $34,000 after acquiring an additional 958 shares in the last quarter. Global Retirement Partners LLC increased its position in Brookfield Real Assets Income Fund by 97.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,850 shares of the company’s stock valued at $51,000 after purchasing an additional 1,897 shares during the period. Finally, Accredited Investor Services LLC increased its position in Brookfield Real Assets Income Fund by 16.2% during the 3rd quarter. Accredited Investor Services LLC now owns 15,629 shares of the company’s stock valued at $209,000 after purchasing an additional 2,182 shares during the period.

Brookfield Real Assets Income Fund Stock Performance

NYSE:RA opened at $13.49 on Friday. The firm has a 50-day simple moving average of $13.06 and a 200-day simple moving average of $13.18. Brookfield Real Assets Income Fund Inc. has a one year low of $11.87 and a one year high of $13.59.

Brookfield Real Assets Income Fund Announces Dividend

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

Brookfield Real Assets Income Fund Company 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.