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Cassaday & Co Wealth Management LLC Takes $257,000 Position in India Fund, Inc. (NYSE:IFN)

India Fund logo with Finance background

Cassaday & Co Wealth Management LLC acquired a new stake in India Fund, Inc. (NYSE:IFN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,288 shares of the investment management company's stock, valued at approximately $257,000. Cassaday & Co Wealth Management LLC owned about 0.05% of India Fund at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of 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 during the period. Elequin Capital LP acquired a new stake in shares of India Fund during the fourth quarter worth $143,000. Brown Advisory Inc. acquired a new stake in shares of India Fund during the first quarter worth $162,000. Waverly Advisors LLC acquired a new stake in shares of India Fund during the fourth quarter worth $185,000. Finally, Nwam LLC acquired a new stake in shares of India Fund during the first quarter worth $188,000. Institutional investors and hedge funds own 10.76% of the company's stock.

India Fund Stock Performance

Shares of IFN traded up $0.15 during midday trading on Monday, hitting $15.97. The stock had a trading volume of 256,548 shares, compared to its average volume of 161,041. India Fund, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $19.25. The business has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $15.78.

India Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were given a $0.41 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.27%.

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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Institutional Ownership by Quarter for India Fund (NYSE:IFN)

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