Lake Street Advisors Group LLC grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 312,288 shares of the company’s stock after acquiring an additional 12,208 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Brookfield Infrastructure were worth $10,512,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BIPC. Nisa Investment Advisors LLC increased its stake in Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after buying an additional 288 shares during the last quarter. CWM LLC increased its position in shares of Brookfield Infrastructure by 10.7% in the second quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after acquiring an additional 305 shares during the last quarter. Heritage Wealth Advisors raised its holdings in Brookfield Infrastructure by 43.0% during the first quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares in the last quarter. ProShare Advisors LLC raised its holdings in Brookfield Infrastructure by 1.5% during the first quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock worth $1,307,000 after acquiring an additional 530 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Brookfield Infrastructure by 6.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 9,556 shares of the company’s stock valued at $344,000 after purchasing an additional 544 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.
Brookfield Infrastructure Stock Down 2.6 %
BIPC stock opened at $39.62 on Friday. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $41.58. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 27.51 and a beta of 1.44. The business has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $35.14.
Brookfield Infrastructure Dividend Announcement
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.
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