Sterneck Capital Management LLC Purchases 2,600 Shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Sterneck Capital Management LLC increased its position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 8.1% in the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Brookfield Real Assets Income Fund during the third quarter valued at about $137,000. Encompass More Asset Management acquired a new position in shares of Brookfield Real Assets Income Fund during the 3rd quarter worth about $165,000. SeaCrest Wealth Management LLC boosted its stake in Brookfield Real Assets Income Fund by 9.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 13,305 shares of the company’s stock valued at $182,000 after purchasing an additional 1,169 shares during the period. Atomi Financial Group Inc. grew its holdings in Brookfield Real Assets Income Fund by 10.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 17,552 shares of the company’s stock valued at $240,000 after buying an additional 1,629 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in Brookfield Real Assets Income Fund by 45.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 17,614 shares of the company’s stock worth $241,000 after buying an additional 5,533 shares during the period.

Brookfield Real Assets Income Fund Trading Down 0.7 %

Shares of RA stock opened at $13.34 on Wednesday. Brookfield Real Assets Income Fund Inc. has a 12 month low of $12.16 and a 12 month high of $13.77. The stock has a 50 day moving average of $13.38 and a 200-day moving average of $13.26.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be issued a $0.118 dividend. 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 dividend payout ratio (DPR) is presently -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.