Evergreen Capital Management LLC bought a new stake in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,447 shares of the company's stock, valued at approximately $2,499,000. Evergreen Capital Management LLC owned approximately 1.07% of Morgan Stanley India Investment Fund at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of Morgan Stanley India Investment Fund by 11.9% during the 4th quarter. Stifel Financial Corp now owns 73,289 shares of the company's stock worth $1,852,000 after purchasing an additional 7,783 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 worth $2,786,000 after purchasing an additional 4,028 shares during the period. Bulldog Investors LLP boosted its holdings in shares of Morgan Stanley India Investment Fund by 42.5% during the fourth quarter. Bulldog Investors LLP now owns 287,644 shares of the company's stock valued at $7,295,000 after acquiring an additional 85,772 shares during the period. Main Management LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at $151,000. Finally, Saba Capital Management L.P. raised its stake in shares of Morgan Stanley India Investment Fund by 9.7% during the fourth quarter. Saba Capital Management L.P. now owns 741,531 shares of the company's stock valued at $18,738,000 after purchasing an additional 65,828 shares in the last quarter. Hedge funds and other institutional investors own 36.96% of the company's stock.
Morgan Stanley India Investment Fund Price Performance
Morgan Stanley India Investment Fund stock traded up $0.08 during midday trading on Tuesday, hitting $26.33. The company's stock had a trading volume of 26,965 shares, compared to its average volume of 38,459. The stock's 50-day moving average price is $27.46 and its 200-day moving average price is $25.97. Morgan Stanley India Investment Fund, Inc. has a 12 month low of $22.20 and a 12 month high of $30.41.
About Morgan Stanley India Investment Fund
(
Free Report)
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.
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