Shaker Financial Services LLC Acquires 37,206 Shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Shaker Financial Services LLC boosted its position in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 136.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,469 shares of the company’s stock after buying an additional 37,206 shares during the period. Shaker Financial Services LLC’s holdings in Brookfield Real Assets Income Fund were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Brookfield Real Assets Income Fund by 13.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 404,878 shares of the company’s stock worth $5,328,000 after purchasing an additional 47,735 shares in the last quarter. Comerica Bank increased its holdings in Brookfield Real Assets Income Fund by 210.1% during the 4th quarter. Comerica Bank now owns 15,216 shares of the company’s stock worth $203,000 after purchasing an additional 10,309 shares in the last quarter. LPL Financial LLC increased its holdings in Brookfield Real Assets Income Fund by 7.9% during the 4th quarter. LPL Financial LLC now owns 80,666 shares of the company’s stock worth $1,074,000 after purchasing an additional 5,886 shares in the last quarter. Mallini Complete Financial Planning LLC boosted its stake in shares of Brookfield Real Assets Income Fund by 8.8% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 16,798 shares of the company’s stock worth $221,000 after buying an additional 1,359 shares during the last quarter. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Brookfield Real Assets Income Fund in the 1st quarter worth approximately $488,000.

Brookfield Real Assets Income Fund Stock Performance

Shares of NYSE RA opened at $13.28 on Tuesday. Brookfield Real Assets Income Fund Inc. has a twelve month low of $11.87 and a twelve month high of $13.77. The stock’s 50 day moving average price is $13.14 and its 200-day moving average price is $13.11.

Brookfield Real Assets Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, August 21st. Stockholders of record on Friday, August 8th will be paid a $0.118 dividend. This represents a dividend yield of 1,069.0%. The ex-dividend date is Thursday, August 7th. Brookfield Real Assets Income Fund’s 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.