International Assets Investment Management LLC boosted its holdings in shares of The India Fund, Inc. (NYSE:IFN - Free Report) by 1,850.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,811 shares of the investment management company's stock after purchasing an additional 38,719 shares during the quarter. International Assets Investment Management LLC owned approximately 0.13% of The India Fund worth $7,760,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in IFN. Commonwealth Equity Services LLC increased its holdings in The India Fund by 3.4% in the first quarter. Commonwealth Equity Services LLC now owns 46,902 shares of the investment management company's stock valued at $960,000 after buying an additional 1,534 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of The India Fund by 4.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 129,999 shares of the investment management company's stock valued at $2,661,000 after acquiring an additional 5,402 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in The India Fund by 24.0% during the first quarter. Oppenheimer & Co. Inc. now owns 41,719 shares of the investment management company's stock worth $854,000 after purchasing an additional 8,076 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in The India Fund by 67.3% in the first quarter. Avantax Advisory Services Inc. now owns 19,697 shares of the investment management company's stock worth $403,000 after purchasing an additional 7,925 shares during the period. Finally, Nwam LLC bought a new stake in The India Fund during the first quarter valued at $259,000. 10.76% of the stock is owned by institutional investors and hedge funds.
The India Fund Price Performance
Shares of NYSE:IFN traded up $0.07 during trading on Friday, reaching $17.67. 88,012 shares of the company's stock traded hands, compared to its average volume of 169,123. The India Fund, Inc. has a 12 month low of $16.33 and a 12 month high of $21.25. The company has a 50 day moving average of $18.41 and a 200-day moving average of $18.13.
The India Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 23rd were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from The India Fund's previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 11.09%.
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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