Drive Wealth Management LLC Raises Position in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Drive Wealth Management LLC increased its holdings in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,024 shares of the company’s stock after purchasing an additional 16,419 shares during the quarter. Drive Wealth Management LLC’s holdings in Brookfield Real Assets Income Fund were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pathstone Holdings LLC lifted its position in Brookfield Real Assets Income Fund by 55.4% during the third quarter. Pathstone Holdings LLC now owns 847,327 shares of the company’s stock valued at $11,612,000 after purchasing an additional 301,996 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Brookfield Real Assets Income Fund by 450.8% during the second quarter. Envestnet Asset Management Inc. now owns 253,718 shares of the company’s stock valued at $3,237,000 after purchasing an additional 207,655 shares during the last quarter. International Assets Investment Management LLC bought a new position in Brookfield Real Assets Income Fund during the third quarter valued at $14,850,000. Advisors Asset Management Inc. lifted its holdings in shares of Brookfield Real Assets Income Fund by 65.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 77,214 shares of the company’s stock worth $1,058,000 after acquiring an additional 30,683 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of Brookfield Real Assets Income Fund in the 3rd quarter worth about $385,000.

Brookfield Real Assets Income Fund Stock Performance

Brookfield Real Assets Income Fund stock opened at $13.49 on Monday. The firm has a 50-day moving average price of $13.38 and a 200-day moving average price of $13.31. Brookfield Real Assets Income Fund Inc. has a 12-month low of $12.16 and a 12-month high of $13.77.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were issued a $0.118 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.42 annualized dividend and a dividend yield of 10.50%. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) 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.