LPL Financial LLC Increases Position in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Posted by Defense World Staff on Sep 6th, 2023

LPL Financial LLC grew its stake in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA – Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,775 shares of the company’s stock after acquiring an additional 5,259 shares during the period. LPL Financial LLC’s holdings in Brookfield Real Assets Income Fund were worth $2,974,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Spire Wealth Management increased its position in shares of Brookfield Real Assets Income Fund by 2,181.7% during the first quarter. Spire Wealth Management now owns 6,868 shares of the company’s stock worth $113,000 after purchasing an additional 6,567 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Brookfield Real Assets Income Fund by 359,400.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,595 shares of the company’s stock worth $59,000 after acquiring an additional 3,594 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in shares of Brookfield Real Assets Income Fund during the 1st quarter worth about $262,000. Stratos Wealth Partners LTD. raised its position in shares of Brookfield Real Assets Income Fund by 8.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 21,693 shares of the company’s stock worth $357,000 after purchasing an additional 1,649 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Brookfield Real Assets Income Fund by 1.5% in the 1st quarter. DAVENPORT & Co LLC now owns 47,783 shares of the company’s stock valued at $786,000 after acquiring an additional 727 shares during the last quarter.

Brookfield Real Assets Income Fund Price Performance

Brookfield Real Assets Income Fund stock opened at $12.77 on Wednesday. The firm has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $16.75. Brookfield Real Assets Income Fund Inc. has a 1-year low of $12.34 and a 1-year high of $19.57.

Brookfield Real Assets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 13th will be given a $0.118 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $1.42 annualized dividend and a yield of 11.09%. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -2,345.45%.

About Brookfield Real Assets Income Fund

(Free Report)

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.