Prevail Innovative Wealth Advisors LLC Boosts Stake in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Prevail Innovative Wealth Advisors LLC raised its position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,415 shares of the company’s stock after buying an additional 5,628 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Brookfield Real Assets Income Fund were worth $707,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RA. Register Financial Advisors LLC bought a new stake in shares of Brookfield Real Assets Income Fund in the 1st quarter worth about $48,000. Blue Bell Private Wealth Management LLC purchased a new position in Brookfield Real Assets Income Fund in the first quarter worth about $72,000. SeaCrest Wealth Management LLC bought a new stake in Brookfield Real Assets Income Fund during the first quarter worth approximately $153,000. Capital Wealth Alliance LLC bought a new stake in Brookfield Real Assets Income Fund during the first quarter worth approximately $156,000. Finally, Nomura Holdings Inc. purchased a new stake in Brookfield Real Assets Income Fund during the fourth quarter valued at approximately $171,000.

Brookfield Real Assets Income Fund Stock Up 0.7 %

NYSE:RA opened at $13.46 on Friday. The business has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $12.85. Brookfield Real Assets Income Fund Inc. has a 1 year low of $11.89 and a 1 year high of $13.48.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.118 per share. This represents a $1.42 annualized dividend and a yield of 10.52%. The ex-dividend date of this dividend is Tuesday, September 10th. Brookfield Real Assets Income Fund’s payout ratio is -1,463.64%.

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.