Quad Cities Investment Group LLC Sells 4,419 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Quad Cities Investment Group LLC reduced its position in Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 33.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,617 shares of the company’s stock after selling 4,419 shares during the period. Quad Cities Investment Group LLC’s holdings in Brookfield Infrastructure were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIPC. Charles Schwab Investment Management Inc. raised its stake in Brookfield Infrastructure by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 228,036 shares of the company’s stock valued at $8,059,000 after acquiring an additional 1,107 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Brookfield Infrastructure during the third quarter valued at about $204,000. HighTower Advisors LLC increased its position in shares of Brookfield Infrastructure by 7.9% during the third quarter. HighTower Advisors LLC now owns 8,111 shares of the company’s stock valued at $289,000 after buying an additional 597 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Brookfield Infrastructure by 72.6% during the third quarter. Envestnet Asset Management Inc. now owns 623,401 shares of the company’s stock valued at $22,031,000 after buying an additional 262,320 shares during the period. Finally, Northern Trust Corp increased its position in shares of Brookfield Infrastructure by 1.9% during the third quarter. Northern Trust Corp now owns 747,969 shares of the company’s stock valued at $26,433,000 after buying an additional 13,765 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC traded down $0.04 during midday trading on Tuesday, hitting $33.46. 388,709 shares of the company traded hands, compared to its average volume of 564,053. The stock has a 50-day moving average of $33.45 and a 200-day moving average of $34.27. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $47.44. The firm has a market cap of $4.42 billion, a P/E ratio of 23.15 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

About Brookfield Infrastructure

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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