International Assets Investment Management LLC Takes $1.11 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

International Assets Investment Management LLC purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,785 shares of the company's stock, valued at approximately $1,114,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after buying an additional 758 shares in the last quarter. Townsquare Capital LLC grew its position in Brookfield Infrastructure by 20.4% in the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock valued at $442,000 after acquiring an additional 1,870 shares during the period. Rockefeller Capital Management L.P. grew its position in Brookfield Infrastructure by 5.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company's stock valued at $1,531,000 after acquiring an additional 1,906 shares during the period. GAMMA Investing LLC acquired a new position in Brookfield Infrastructure during the first quarter worth $660,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after acquiring an additional 187,719 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC traded up $0.37 on Thursday, hitting $41.30. The stock had a trading volume of 490,345 shares, compared to its average volume of 547,136. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 28.68 and a beta of 1.38. The firm's 50 day moving average price is $39.09 and its 200-day moving average price is $38.89. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.16%. Brookfield Infrastructure's dividend payout ratio is 119.44%.

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.