Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 17.4% in the third quarter, HoldingsChannel reports. The firm owned 315,593 shares of the company’s stock after selling 66,618 shares during the quarter. CIBC Asset Management Inc’s holdings in Brookfield Infrastructure were worth $13,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Brookfield Infrastructure by 20.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the company’s stock valued at $242,000 after purchasing an additional 1,126 shares during the last quarter. SG Americas Securities LLC boosted its position in Brookfield Infrastructure by 27.9% during the first quarter. SG Americas Securities LLC now owns 15,716 shares of the company’s stock worth $566,000 after purchasing an additional 3,431 shares in the last quarter. Sei Investments Co. grew its stake in Brookfield Infrastructure by 22.1% in the 1st quarter. Sei Investments Co. now owns 49,424 shares of the company’s stock valued at $1,781,000 after acquiring an additional 8,937 shares during the period. ProShare Advisors LLC increased its holdings in Brookfield Infrastructure by 1.5% in the 1st quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock worth $1,307,000 after acquiring an additional 530 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Brookfield Infrastructure by 5.6% during the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $43.15 on Friday. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $44.26. The stock’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $38.30. The company has a market cap of $5.70 billion, a PE ratio of 29.97 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.75%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

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.