Pallas Capital Advisors LLC acquired a new stake in The India Fund, Inc. (NYSE:IFN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,000 shares of the investment management company's stock, valued at approximately $268,000. Pallas Capital Advisors LLC owned approximately 0.05% of The India Fund at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of IFN. Wilmington Savings Fund Society FSB purchased a new stake in The India Fund during the third quarter valued at $65,000. Planning Capital Management Corp boosted its holdings in shares of The India Fund by 21.3% in the third quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company's stock worth $80,000 after buying an additional 733 shares during the last quarter. IHT Wealth Management LLC bought a new stake in The India Fund during the third quarter valued at approximately $191,000. Rathbones Group PLC grew its position in The India Fund by 22.6% during the second quarter. Rathbones Group PLC now owns 12,205 shares of the investment management company's stock valued at $218,000 after buying an additional 2,246 shares during the period. Finally, Nwam LLC purchased a new stake in The India Fund during the third quarter valued at approximately $280,000. Institutional investors own 10.76% of the company's stock.
The India Fund Trading Down 0.9 %
Shares of The India Fund stock traded down $0.15 on Thursday, hitting $16.04. 177,035 shares of the company's stock were exchanged, compared to its average volume of 231,254. The India Fund, Inc. has a 1 year low of $15.68 and a 1 year high of $21.25. The company has a 50-day simple moving average of $16.75 and a 200-day simple moving average of $17.75.
The India Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from The India Fund's previous quarterly dividend of $0.49. This represents a $3.72 annualized dividend and a yield of 23.20%.
The India Fund 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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