Landscape Capital Management L.L.C. cut its holdings in shares of The India Fund, Inc. (NYSE:IFN - Free Report) by 59.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,406 shares of the investment management company's stock after selling 427,339 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.93% of The India Fund worth $4,542,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IFN. Schnieders Capital Management LLC lifted its stake in shares of The India Fund by 4.2% during the 4th quarter. Schnieders Capital Management LLC now owns 32,034 shares of the investment management company's stock valued at $505,000 after buying an additional 1,300 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in The India Fund by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 30,925 shares of the investment management company's stock valued at $487,000 after acquiring an additional 2,474 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of The India Fund during the fourth quarter worth $49,000. Wilmington Savings Fund Society FSB bought a new position in shares of The India Fund in the third quarter worth $65,000. Finally, Farther Finance Advisors LLC grew its position in shares of The India Fund by 21,522.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company's stock valued at $61,000 after purchasing an additional 3,874 shares in the last quarter. Institutional investors own 10.76% of the company's stock.
The India Fund Stock Performance
Shares of NYSE:IFN traded down $0.13 during midday trading on Wednesday, reaching $13.97. 89,745 shares of the company traded hands, compared to its average volume of 189,706. The India Fund, Inc. has a 12 month low of $13.76 and a 12 month high of $19.75. The firm's fifty day moving average price is $15.33 and its two-hundred day moving average price is $16.59.
The India Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 21st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 13.18%. The ex-dividend date of this dividend was Friday, February 21st.
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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