Calamos Advisors LLC Increases Position in The India Fund, Inc. (NYSE:IFN)

Calamos Advisors LLC grew its stake in The India Fund, Inc. (NYSE:IFN - Free Report) by 92.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,191 shares of the investment management company's stock after acquiring an additional 17,816 shares during the period. Calamos Advisors LLC owned about 0.12% of The India Fund worth $586,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of The India Fund during the third quarter worth about $65,000. Planning Capital Management Corp grew its stake in shares of The India Fund by 21.3% in the third quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company's stock worth $80,000 after acquiring an additional 733 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of The India Fund during the third quarter worth $191,000. Nwam LLC purchased a new position in shares of The India Fund in the 3rd quarter valued at about $280,000. Finally, Matisse Capital purchased a new position in The India Fund in the fourth quarter worth approximately $238,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Stock Performance

NYSE:IFN traded down $0.14 during trading hours on Friday, hitting $15.93. The company's stock had a trading volume of 104,843 shares, compared to its average volume of 210,540. The stock has a fifty day moving average of $16.28 and a 200-day moving average of $17.52. The India Fund, Inc. has a 52-week low of $15.60 and a 52-week high of $21.25.

The India Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.93 per share. This is a positive change from The India Fund's previous quarterly dividend of $0.49. This represents a $3.72 annualized dividend and a yield of 23.35%. The ex-dividend date of this dividend was Thursday, November 21st.

The India Fund 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.