Brookfield Infrastructure Co. (NASDAQ:BIPC) Position Reduced by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV reduced its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,580 shares of the company’s stock after selling 738 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure were worth $373,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after acquiring an additional 288 shares during the last quarter. CWM LLC increased its holdings in Brookfield Infrastructure by 10.7% in the second quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after buying an additional 305 shares during the last quarter. Xponance Inc. raised its position in Brookfield Infrastructure by 4.4% during the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after acquiring an additional 322 shares in the last quarter. Signaturefd LLC raised its position in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares in the last quarter. Finally, Heritage Wealth Advisors lifted its stake in shares of Brookfield Infrastructure by 43.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $42.74 on Thursday. The business’s 50-day simple moving average is $41.84 and its 200-day simple moving average is $37.32. Brookfield Infrastructure Co. has a 52 week low of $25.54 and a 52 week high of $44.13. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 29.68 and a beta of 1.44.

Brookfield Infrastructure 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.