Public Employees Retirement System of Ohio Acquires New Position in The India Fund, Inc. (NYSE:IFN)

Public Employees Retirement System of Ohio bought a new position in shares of The India Fund, Inc. (NYSE:IFN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,908 shares of the investment management company's stock, valued at approximately $873,000. Public Employees Retirement System of Ohio owned approximately 0.15% of The India Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of The India Fund by 1,850.8% during the 3rd quarter. International Assets Investment Management LLC now owns 40,811 shares of the investment management company's stock valued at $7,760,000 after acquiring an additional 38,719 shares during the last quarter. Quarry LP acquired a new stake in shares of The India Fund during the second quarter worth $619,000. Concurrent Investment Advisors LLC purchased a new stake in shares of The India Fund during the third quarter valued at $881,000. Sea Otter Advisors LLC acquired a new position in shares of The India Fund in the 2nd quarter valued at $1,179,000. Finally, Rivernorth Capital Management LLC purchased a new position in The India Fund in the 3rd quarter worth about $607,000. Institutional investors and hedge funds own 10.76% of the company's stock.

The India Fund Price Performance

NYSE IFN traded down $0.04 on Friday, hitting $16.19. 320,766 shares of the company were exchanged, compared to its average volume of 172,637. The India Fund, Inc. has a twelve month low of $16.02 and a twelve month high of $21.25. The company's 50 day moving average price is $17.59 and its 200-day moving average price is $17.97.

The India Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.93 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 22.98%. This is a positive change from The India Fund's previous quarterly dividend of $0.49.

The India Fund Company Profile

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.