ProShare Advisors LLC Increases Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

ProShare Advisors LLC lifted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 28.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,418 shares of the company’s stock after buying an additional 10,394 shares during the period. ProShare Advisors LLC’s holdings in Brookfield Infrastructure were worth $1,897,000 at the end of the most recent quarter.

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

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC opened at $39.54 on Wednesday. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The stock has a market cap of $4.71 billion, a P/E ratio of 27.46 and a beta of 1.38. The firm has a fifty day moving average price of $36.48 and a 200 day moving average price of $39.41.

Brookfield Infrastructure Dividend Announcement

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

About Brookfield Infrastructure

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.