Russell Investments Group Ltd. Sells 12,538 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Russell Investments Group Ltd. decreased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,639 shares of the company's stock after selling 12,538 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Brookfield Infrastructure worth $4,148,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Brookfield Infrastructure by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after purchasing an additional 116,256 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Brookfield Infrastructure in the third quarter worth approximately $262,000. Jones Financial Companies Lllp lifted its stake in shares of Brookfield Infrastructure by 217.8% in the fourth 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. Van ECK Associates Corp grew its holdings in shares of Brookfield Infrastructure by 315.1% during the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock valued at $5,490,000 after buying an additional 103,920 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC raised its holdings in Brookfield Infrastructure by 7.7% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company's stock worth $4,384,000 after acquiring an additional 7,880 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.7 %

BIPC traded down $0.23 during trading on Monday, hitting $35.00. 660,156 shares of the company's stock traded hands, compared to its average volume of 526,065. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 24.31 and a beta of 1.48. The company's 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $40.06. Brookfield Infrastructure Co. has a 12-month low of $29.30 and a 12-month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.91%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.

About Brookfield Infrastructure

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.