Van ECK Associates Corp Has $1.44 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Van ECK Associates Corp lifted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,983 shares of the company’s stock after acquiring an additional 2,244 shares during the period. Van ECK Associates Corp’s holdings in Brookfield Infrastructure were worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Brookfield Infrastructure by 20.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the company’s stock worth $242,000 after purchasing an additional 1,126 shares in the last quarter. SG Americas Securities LLC increased its stake in Brookfield Infrastructure by 27.9% during the 1st 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. Swiss National Bank increased its stake in Brookfield Infrastructure by 0.6% during the 1st quarter. Swiss National Bank now owns 236,477 shares of the company’s stock worth $8,517,000 after purchasing an additional 1,400 shares in the last quarter. Sei Investments Co. increased its stake in Brookfield Infrastructure by 22.1% during the 1st quarter. Sei Investments Co. now owns 49,424 shares of the company’s stock worth $1,781,000 after purchasing an additional 8,937 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in Brookfield Infrastructure during the 1st quarter worth approximately $996,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC opened at $43.60 on Tuesday. The business has a 50 day simple moving average of $42.07 and a 200 day simple moving average of $38.01. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $44.26. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 30.28 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.72%. 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.