Herold Advisors Inc. Sells 1,070 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Herold Advisors Inc. decreased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,096 shares of the company’s stock after selling 1,070 shares during the period. Herold Advisors Inc.’s holdings in Brookfield Infrastructure were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacifica Partners Inc. increased its holdings in shares of Brookfield Infrastructure by 7.5% during the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock valued at $175,000 after acquiring an additional 347 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Brookfield Infrastructure by 1.9% during the third quarter. Sigma Planning Corp now owns 20,572 shares of the company’s stock valued at $727,000 after buying an additional 374 shares during the last quarter. Corrado Advisors LLC boosted its position in shares of Brookfield Infrastructure by 1.8% during the third quarter. Corrado Advisors LLC now owns 22,779 shares of the company’s stock valued at $805,000 after buying an additional 403 shares during the last quarter. Allworth Financial LP boosted its position in shares of Brookfield Infrastructure by 169.8% during the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its position in shares of Brookfield Infrastructure by 8.5% during the third quarter. Belpointe Asset Management LLC now owns 6,213 shares of the company’s stock valued at $220,000 after buying an additional 488 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 1.0 %

Shares of NASDAQ:BIPC traded down $0.32 during mid-day trading on Friday, hitting $31.31. 331,147 shares of the company traded hands, compared to its average volume of 563,793. The stock has a market cap of $4.13 billion, a P/E ratio of 21.74 and a beta of 1.38. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $48.23. The stock has a 50-day moving average price of $33.49 and a two-hundred day moving average price of $33.25.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.405 per share. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 annualized dividend and a dividend yield of 5.17%. Brookfield Infrastructure’s payout ratio is presently 112.50%.

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.