Invesco Ltd. Sells 14,918 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Invesco Ltd. lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,979 shares of the company's stock after selling 14,918 shares during the period. Invesco Ltd. owned approximately 0.07% of Brookfield Infrastructure worth $3,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. J.Safra Asset Management Corp boosted its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after buying an additional 274 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after purchasing an additional 312 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Brookfield Infrastructure by 5.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company's stock worth $294,000 after purchasing an additional 367 shares during the period. Allworth Financial LP raised its stake in Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after purchasing an additional 396 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its position in Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Trading Up 2.4 %

BIPC stock traded up $0.90 during mid-day trading on Friday, hitting $37.84. The stock had a trading volume of 83,485 shares, compared to its average volume of 523,166. The firm has a fifty day simple moving average of $36.28 and a 200 day simple moving average of $39.80. The firm has a market capitalization of $4.50 billion, a P/E ratio of 26.22 and a beta of 1.48. Brookfield Infrastructure Co. has a 52 week low of $31.28 and a 52 week 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 given 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 4.55%. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

Brookfield Infrastructure Company 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.