Evergreen Capital Management LLC Makes New $2.50 Million Investment in Morgan Stanley India Investment Fund, Inc. $IIF

Key Points

• Evergreen Capital Management LLC acquired a new stake in Morgan Stanley India Investment Fund, purchasing 102,447 shares valued at approximately $2,499,000, representing about 1.07% ownership.
• Other institutional investors have also increased their stakes in the fund, with Samalin Investment Counsel LLC and Penserra Capital Management LLC making significant purchases in recent months.
• Morgan Stanley India Investment Fund shares opened at $26.30 and have fluctuated between a one-year low of $22.20 and a high of $30.41.

Evergreen Capital Management LLC acquired a new position in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 102,447 shares of the company's stock, valued at approximately $2,499,000. Evergreen Capital Management LLC owned about 1.07% of Morgan Stanley India Investment Fund at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IIF. Samalin Investment Counsel LLC raised its stake in Morgan Stanley India Investment Fund by 9.7% in the first quarter. Samalin Investment Counsel LLC now owns 14,022 shares of the company's stock valued at $342,000 after buying an additional 1,237 shares during the last quarter. Elequin Capital LP purchased a new stake in Morgan Stanley India Investment Fund in the fourth quarter valued at about $54,000. Bank of America Corp DE raised its stake in Morgan Stanley India Investment Fund by 3.8% in the fourth quarter. Bank of America Corp DE now owns 110,250 shares of the company's stock valued at $2,786,000 after buying an additional 4,028 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Morgan Stanley India Investment Fund by 11.9% in the fourth quarter. Stifel Financial Corp now owns 73,289 shares of the company's stock valued at $1,852,000 after purchasing an additional 7,783 shares during the period. Finally, Saba Capital Management L.P. raised its stake in shares of Morgan Stanley India Investment Fund by 9.7% in the fourth quarter. Saba Capital Management L.P. now owns 741,531 shares of the company's stock worth $18,738,000 after purchasing an additional 65,828 shares during the last quarter. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley India Investment Fund Trading Up 1.5%

Shares of NYSE:IIF traded up $0.39 during trading on Thursday, hitting $26.91. The stock had a trading volume of 13,902 shares, compared to its average volume of 38,186. Morgan Stanley India Investment Fund, Inc. has a 12-month low of $22.20 and a 12-month high of $30.41. The stock has a 50-day simple moving average of $27.41 and a two-hundred day simple moving average of $25.97.

Morgan Stanley India Investment Fund Profile

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.