MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $2.73 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,326 shares of the company’s stock after purchasing an additional 2,680 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Brookfield Infrastructure were worth $2,734,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Brookfield Infrastructure by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after acquiring an additional 187,719 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after purchasing an additional 376,254 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Brookfield Infrastructure by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company’s stock worth $66,380,000 after purchasing an additional 82,393 shares in the last quarter. Norges Bank acquired a new position in Brookfield Infrastructure during the fourth quarter worth $60,137,000. Finally, Scotia Capital Inc. grew its position in Brookfield Infrastructure by 3.7% in the fourth quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company’s stock valued at $49,453,000 after purchasing an additional 44,627 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 1.0%

Shares of Brookfield Infrastructure stock opened at $39.54 on Wednesday. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29. The business’s 50 day moving average is $36.48 and its 200-day moving average is $39.41. The stock has a market cap of $4.71 billion, a P/E ratio of 27.46 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.35%. Brookfield Infrastructure’s payout ratio is currently 119.44%.

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.