Brookfield Real Assets Income Fund Inc. $RA Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 70.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,040 shares of the company’s stock after selling 103,153 shares during the period. Drive Wealth Management LLC’s holdings in Brookfield Real Assets Income Fund were worth $575,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RA. Melfa Wealth Management Inc. boosted its holdings in Brookfield Real Assets Income Fund by 24.2% during the second quarter. Melfa Wealth Management Inc. now owns 20,672 shares of the company’s stock worth $276,000 after buying an additional 4,025 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield Real Assets Income Fund during the 2nd quarter valued at approximately $28,000. Accredited Investor Services LLC boosted its stake in shares of Brookfield Real Assets Income Fund by 23.0% during the 2nd quarter. Accredited Investor Services LLC now owns 13,447 shares of the company’s stock worth $180,000 after acquiring an additional 2,518 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Brookfield Real Assets Income Fund by 71.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 24,804 shares of the company’s stock worth $332,000 after acquiring an additional 10,365 shares during the period. Finally, Uhlmann Price Securities LLC grew its holdings in shares of Brookfield Real Assets Income Fund by 18.3% in the 2nd quarter. Uhlmann Price Securities LLC now owns 17,931 shares of the company’s stock worth $240,000 after acquiring an additional 2,777 shares during the period.

Brookfield Real Assets Income Fund Stock Down 0.4%

Shares of RA stock opened at $13.00 on Friday. The stock has a fifty day moving average price of $12.98 and a 200 day moving average price of $13.19. Brookfield Real Assets Income Fund Inc. has a 1 year low of $11.87 and a 1 year high of $13.59.

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.118 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, March 12th. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -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.