46,300 Shares in The India Fund, Inc. (NYSE:IFN) Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC acquired a new position in The India Fund, Inc. (NYSE:IFN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 46,300 shares of the investment management company's stock, valued at approximately $881,000. Concurrent Investment Advisors LLC owned approximately 0.15% of The India Fund as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of The India Fund in the second quarter valued at approximately $37,000. Rathbones Group PLC lifted its position in shares of The India Fund by 22.6% during the 2nd quarter. Rathbones Group PLC now owns 12,205 shares of the investment management company's stock valued at $218,000 after acquiring an additional 2,246 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of The India Fund during the 2nd quarter worth $219,000. Miracle Mile Advisors LLC increased its position in shares of The India Fund by 26.2% in the second quarter. Miracle Mile Advisors LLC now owns 14,430 shares of the investment management company's stock worth $258,000 after purchasing an additional 3,000 shares during the period. Finally, Nwam LLC acquired a new position in The India Fund in the first quarter valued at about $259,000. Institutional investors own 10.76% of the company's stock.

The India Fund Trading Down 0.8 %

IFN traded down $0.14 on Friday, hitting $17.85. 178,038 shares of the stock were exchanged, compared to its average volume of 118,097. The India Fund, Inc. has a 12 month low of $16.62 and a 12 month high of $21.25. The business has a 50-day moving average of $18.34 and a two-hundred day moving average of $18.12.

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.