RFG Advisory LLC Acquires Shares of 71,744 Brookfield Real Assets Income Fund Inc. $RA

RFG Advisory LLC acquired a new stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 71,744 shares of the company’s stock, valued at approximately $924,000.

Several other hedge funds have also recently modified their holdings of RA. First Trust Advisors LP increased its holdings in Brookfield Real Assets Income Fund by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 119,644 shares of the company’s stock valued at $1,600,000 after acquiring an additional 4,164 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Brookfield Real Assets Income Fund by 10.0% during the second quarter. Ameriprise Financial Inc. now owns 40,882 shares of the company’s stock valued at $547,000 after purchasing an additional 3,720 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Brookfield Real Assets Income Fund by 12.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 121,418 shares of the company’s stock worth $1,623,000 after purchasing an additional 13,219 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Brookfield Real Assets Income Fund by 43.3% in the second quarter. Geneos Wealth Management Inc. now owns 10,920 shares of the company’s stock worth $146,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Brookfield Real Assets Income Fund in the third quarter worth about $140,000.

Brookfield Real Assets Income Fund Trading Down 0.2%

NYSE:RA opened at $12.19 on Friday. The business’s 50-day moving average is $12.72 and its 200 day moving average is $12.82. Brookfield Real Assets Income Fund Inc. has a 12 month low of $12.18 and a 12 month high of $13.59.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.118 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Thursday, September 10th. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,390.91%.

Brookfield Real Assets Income Fund Company 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.