Greenwich Wealth Management LLC Purchases 898 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Greenwich Wealth Management LLC increased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,069 shares of the company’s stock after acquiring an additional 898 shares during the period. Greenwich Wealth Management LLC’s holdings in Brookfield Infrastructure were worth $272,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HBC Financial Services PLLC purchased a new stake in shares of Brookfield Infrastructure during the first quarter valued at $29,000. Heritage Wealth Advisors purchased a new stake in Brookfield Infrastructure in the 4th quarter valued at about $33,000. Pathway Financial Advisers LLC bought a new position in Brookfield Infrastructure in the 1st quarter worth about $68,000. Lazard Asset Management LLC bought a new position in shares of Brookfield Infrastructure in the 1st quarter worth $73,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC opened at $41.71 on Monday. The firm has a market capitalization of $5.50 billion, a PE ratio of 28.97 and a beta of 1.44. The business’s 50-day moving average is $38.55 and its two-hundred day moving average is $35.34. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $42.34.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a yield of 3.88%. Brookfield Infrastructure’s payout ratio is 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.