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

CIBC Asset Management Inc cut its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 315,593 shares of the company's stock after selling 66,618 shares during the period. CIBC Asset Management Inc owned approximately 0.24% of Brookfield Infrastructure worth $13,981,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BIPC. Nisa Investment Advisors LLC increased its stake in Brookfield Infrastructure by 11.7% during 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 position in Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company's stock worth $106,000 after purchasing an additional 305 shares in the last quarter. Xponance Inc. increased its position in Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company's stock worth $256,000 after purchasing an additional 322 shares in the last quarter. Signaturefd LLC raised its holdings in Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock valued at $177,000 after buying an additional 363 shares during the period. Finally, Hedeker Wealth LLC lifted its position in Brookfield Infrastructure by 4.6% during the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company's stock valued at $414,000 after buying an additional 423 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Up 1.6 %

Shares of Brookfield Infrastructure stock traded up $0.67 during trading hours on Friday, hitting $43.15. The company's stock had a trading volume of 473,558 shares, compared to its average volume of 506,574. The business has a fifty day moving average of $42.32 and a 200 day moving average of $38.35. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $44.26. The company has a market capitalization 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. Investors of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 3.75%. Brookfield Infrastructure's dividend payout ratio is currently 112.50%.

Brookfield Infrastructure Company 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.