Grimes & Company Inc. Takes $385,000 Position in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Grimes & Company Inc. bought a new stake in Brookfield Real Assets Income Fund Inc. (NYSE:RA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,076 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors also recently modified their holdings of RA. Register Financial Advisors LLC bought a new position in shares of Brookfield Real Assets Income Fund in the first quarter valued at approximately $48,000. SeaCrest Wealth Management LLC bought a new position in Brookfield Real Assets Income Fund during the first quarter valued at $153,000. Choreo LLC purchased a new stake in Brookfield Real Assets Income Fund in the first quarter worth $424,000. Significant Wealth Partners LLC increased its position in Brookfield Real Assets Income Fund by 304.8% in the first quarter. Significant Wealth Partners LLC now owns 189,313 shares of the company’s stock worth $2,446,000 after buying an additional 142,547 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its position in Brookfield Real Assets Income Fund by 38.3% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 49,787 shares of the company’s stock worth $643,000 after buying an additional 13,791 shares during the last quarter.

Insiders Place Their Bets

In other news, Portfolio Manager Justin Charles Guichard bought 7,364 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average cost of $13.58 per share, with a total value of $100,003.12. Following the completion of the transaction, the portfolio manager now directly owns 7,364 shares of the company’s stock, valued at $100,003.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Brookfield Real Assets Income Fund Price Performance

NYSE:RA opened at $13.29 on Friday. The business has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $12.98. Brookfield Real Assets Income Fund Inc. has a 1 year low of $12.05 and a 1 year high of $13.77.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a $0.118 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date of this dividend is Tuesday, November 12th. Brookfield Real Assets Income Fund’s dividend payout ratio is currently -1,390.91%.

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.