Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC grew its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,069 shares of the company’s stock after purchasing an additional 898 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Brookfield Infrastructure were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIPC. HBC Financial Services PLLC acquired a new position in Brookfield Infrastructure during the 1st quarter valued at approximately $29,000. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure in the fourth quarter valued at about $33,000. Pathway Financial Advisers LLC purchased a new position in shares of Brookfield Infrastructure in the first quarter worth about $68,000. Lazard Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth about $73,000. Finally, Nisa Investment Advisors LLC boosted its position in Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after buying an additional 288 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 1.1 %

BIPC opened at $41.71 on Monday. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $42.34. The firm has a 50 day moving average of $38.55 and a two-hundred day moving average of $35.34. The firm has a market capitalization of $5.50 billion, a PE ratio of 28.97 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.88%. 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.