Melfa Wealth Management Inc. Buys 4,025 Shares of Brookfield Real Assets Income Fund Inc. $RA

Melfa Wealth Management Inc. raised its stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 24.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,672 shares of the company’s stock after acquiring an additional 4,025 shares during the quarter. Melfa Wealth Management Inc.’s holdings in Brookfield Real Assets Income Fund were worth $276,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RA. Noble Wealth Management PBC raised its holdings in Brookfield Real Assets Income Fund by 7.6% during the first quarter. Noble Wealth Management PBC now owns 150,069 shares of the company’s stock valued at $1,975,000 after buying an additional 10,585 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Brookfield Real Assets Income Fund by 10.3% during the first quarter. Riverbridge Partners LLC now owns 119,968 shares of the company’s stock valued at $1,579,000 after buying an additional 11,201 shares in the last quarter. Advisor Resource Council bought a new position in Brookfield Real Assets Income Fund during the first quarter valued at about $841,000. Mallini Complete Financial Planning LLC raised its holdings in Brookfield Real Assets Income Fund by 8.8% during the first 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. Finally, Penserra Capital Management LLC raised its holdings in Brookfield Real Assets Income Fund by 1.0% during the first 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 Stock Performance

NYSE RA opened at $13.34 on Tuesday. Brookfield Real Assets Income Fund Inc. has a fifty-two week low of $11.87 and a fifty-two week high of $13.73. The stock’s 50-day moving average is $13.33 and its two-hundred day moving average is $13.10.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.118 per share. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Thursday, December 11th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is -1,281.82%.

Brookfield Real Assets Income Fund 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.