Brookfield Real Assets Income Fund Inc. (NYSE:RA) Stake Raised by Sterneck Capital Management LLC

Sterneck Capital Management LLC increased its holdings in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,563 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Sterneck Capital Management LLC’s holdings in Brookfield Real Assets Income Fund were worth $460,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Brookfield Real Assets Income Fund by 3.4% during the 3rd quarter. HighTower Advisors LLC now owns 84,395 shares of the company’s stock valued at $1,152,000 after buying an additional 2,758 shares during the period. Encompass More Asset Management acquired a new position in shares of Brookfield Real Assets Income Fund during the third quarter valued at approximately $165,000. Horizon Kinetics Asset Management LLC raised its holdings in Brookfield Real Assets Income Fund by 45.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 17,614 shares of the company’s stock worth $241,000 after purchasing an additional 5,533 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Brookfield Real Assets Income Fund in the third quarter worth approximately $349,000. Finally, Advisors Asset Management Inc. boosted its stake in Brookfield Real Assets Income Fund by 65.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 77,214 shares of the company’s stock valued at $1,058,000 after purchasing an additional 30,683 shares in the last quarter.

Brookfield Real Assets Income Fund Price Performance

RA opened at $13.34 on Wednesday. The stock’s fifty day moving average is $13.38 and its 200-day moving average is $13.26. Brookfield Real Assets Income Fund Inc. has a one year low of $12.16 and a one year high of $13.77.

Brookfield Real Assets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be issued a dividend of $0.118 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date of this dividend is Friday, January 10th. Brookfield Real Assets Income Fund’s payout ratio 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.