Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,055 shares of the company's stock after selling 9,648 shares during the period. Rhumbline Advisers owned 0.17% of Brookfield Infrastructure worth $7,421,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BIPC. Norges Bank purchased a new stake in Brookfield Infrastructure in the fourth quarter valued at approximately $60,137,000. HighTower Advisors LLC grew its stake in shares of Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after buying an additional 700,108 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after buying an additional 376,254 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Brookfield Infrastructure by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock worth $23,552,000 after buying an additional 225,143 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Brookfield Infrastructure by 3.4% in 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 last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 0.6%

NASDAQ:BIPC traded up $0.26 on Thursday, hitting $41.81. 398,194 shares of the stock were exchanged, compared to its average volume of 549,775. The stock has a market cap of $4.98 billion, a PE ratio of 29.03 and a beta of 1.38. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The stock has a fifty day moving average of $37.77 and a 200-day moving average of $39.11.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.11%. Brookfield Infrastructure's 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.