Allspring Global Investments Holdings LLC reduced its stake in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,393 shares of the company's stock after selling 85,747 shares during the period. Allspring Global Investments Holdings LLC owned 3.31% of Morgan Stanley India Investment Fund worth $8,197,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter valued at about $224,000. Public Employees Retirement System of Ohio purchased a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter valued at about $5,052,000. Stifel Financial Corp lifted its position in shares of Morgan Stanley India Investment Fund by 5.5% during the 3rd quarter. Stifel Financial Corp now owns 65,506 shares of the company's stock valued at $1,970,000 after buying an additional 3,411 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter valued at about $248,000. 36.96% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley India Investment Fund Stock Down 1.8 %
IIF traded down $0.43 on Friday, hitting $23.45. 47,402 shares of the company's stock traded hands, compared to its average volume of 34,806. The company's 50 day simple moving average is $24.79 and its 200-day simple moving average is $27.01. Morgan Stanley India Investment Fund, Inc. has a one year low of $22.38 and a one year high of $30.41.
Morgan Stanley India Investment Fund Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a dividend of $2.6969 per share. The ex-dividend date of this dividend was Friday, December 13th.
About Morgan Stanley India Investment Fund
(
Free Report)
Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.
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