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Cassaday & Co Wealth Management LLC Acquires New Position in India Fund, Inc. (NYSE:IFN)

India Fund logo with Finance background

Cassaday & Co Wealth Management LLC bought a new stake in shares of India Fund, Inc. (NYSE:IFN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in India Fund by 21,522.2% during 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. Elequin Capital LP bought a new stake in India Fund during the fourth quarter valued at about $143,000. Brown Advisory Inc. bought a new stake in shares of India Fund in the first quarter worth about $162,000. Waverly Advisors LLC bought a new stake in shares of India Fund in the fourth quarter worth about $185,000. Finally, Nwam LLC bought a new stake in India Fund during the first quarter worth approximately $188,000. 10.76% of the stock is currently owned by hedge funds and other institutional investors.

India Fund Stock Performance

NYSE:IFN traded up $0.04 during trading hours on Wednesday, reaching $16.02. The company's stock had a trading volume of 46,533 shares, compared to its average volume of 160,570. India Fund, Inc. has a 12 month low of $13.76 and a 12 month high of $19.25. The stock has a 50 day moving average price of $16.29 and a two-hundred day moving average price of $15.78.

India Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Thursday, May 22nd.

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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