Landscape Capital Management L.L.C. lifted its position in shares of The India Fund, Inc. (NYSE:IFN - Free Report) by 25.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 715,745 shares of the investment management company's stock after purchasing an additional 144,609 shares during the period. The India Fund accounts for approximately 1.4% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 4th largest position. Landscape Capital Management L.L.C. owned 2.30% of The India Fund worth $13,613,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in The India Fund during the 2nd quarter valued at $37,000. Planning Capital Management Corp increased its position in shares of The India Fund by 21.3% during the third quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company's stock valued at $80,000 after buying an additional 733 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in The India Fund in the second quarter worth about $219,000. Rathbones Group PLC boosted its position in 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 in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of The India Fund during the 1st quarter worth approximately $261,000. 10.76% of the stock is owned by institutional investors.
The India Fund Trading Down 0.4 %
Shares of IFN traded down $0.07 on Thursday, reaching $16.76. The stock had a trading volume of 412,116 shares, compared to its average volume of 172,545. The India Fund, Inc. has a 12-month low of $16.62 and a 12-month high of $21.25. The company has a 50-day simple moving average of $18.25 and a 200-day simple moving average of $18.08.
The India Fund Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.72 annualized dividend and a yield of 22.20%. This is a positive change from The India Fund's previous quarterly dividend of $0.49.
About The India Fund
(
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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