Pathway Financial Advisers LLC purchased a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,882 shares of the company’s stock, valued at approximately $68,000.
Several other hedge funds have also recently bought and sold shares of BIPC. Allworth Financial LP boosted its holdings in Brookfield Infrastructure by 169.8% in the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after purchasing an additional 445 shares during the period. HBC Financial Services PLLC acquired a new stake in Brookfield Infrastructure during the first quarter worth approximately $29,000. Heritage Wealth Advisors acquired a new position in Brookfield Infrastructure in the 4th quarter valued at $33,000. SRS Capital Advisors Inc. lifted its position in shares of Brookfield Infrastructure by 413.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock valued at $36,000 after acquiring an additional 822 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth $73,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Price Performance
BIPC stock traded down $0.71 during midday trading on Friday, reaching $37.86. The company had a trading volume of 515,736 shares, compared to its average volume of 556,247. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $43.25. The stock has a 50 day moving average price of $35.35 and a 200-day moving average price of $34.55. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 26.29 and a beta of 1.44.
Brookfield Infrastructure Announces Dividend
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.
Recommended Stories
- Five stocks we like better than Brookfield Infrastructure
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Calculate Stock Profit
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- When to Sell a Stock for Profit or Loss
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Want to see what other hedge funds are holding BIPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report).
Receive News & Ratings for Brookfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.