EP Wealth Advisors LLC acquired a new position in The India Fund, Inc. (NYSE:IFN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 66,451 shares of the investment management company's stock, valued at approximately $1,264,000. EP Wealth Advisors LLC owned 0.21% of The India Fund at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp raised its holdings in The India Fund by 24.3% in the third quarter. Stifel Financial Corp now owns 55,049 shares of the investment management company's stock valued at $1,047,000 after buying an additional 10,764 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of The India Fund in the third quarter worth $607,000. IHT Wealth Management LLC purchased a new position in shares of The India Fund in the 3rd quarter valued at $191,000. Penserra Capital Management LLC acquired a new position in shares of The India Fund during the 3rd quarter valued at $4,794,000. Finally, Nwam LLC acquired a new position in shares of The India Fund during the 3rd quarter valued at $280,000. 10.76% of the stock is owned by institutional investors and hedge funds.
The India Fund Stock Down 0.6 %
NYSE IFN traded down $0.11 during trading hours on Tuesday, hitting $17.23. The company had a trading volume of 91,335 shares, compared to its average volume of 170,326. The firm's 50 day moving average is $17.87 and its 200 day moving average is $18.03. The India Fund, Inc. has a fifty-two week low of $16.62 and a fifty-two week high of $21.25.
The India Fund Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.93 per share. This is an increase from The India Fund's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.72 annualized dividend and a yield of 21.59%.
The India Fund Company Profile
(
Free Report)
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.
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