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Penserra Capital Management LLC Purchases 702,686 Shares of India Fund, Inc. (NYSE:IFN)

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Penserra Capital Management LLC boosted its stake in India Fund, Inc. (NYSE:IFN - Free Report) by 260.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 972,936 shares of the investment management company's stock after acquiring an additional 702,686 shares during the period. Penserra Capital Management LLC owned 3.13% of India Fund worth $15,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IFN. Calamos Advisors LLC raised its position in shares of India Fund by 2.7% in the first quarter. Calamos Advisors LLC now owns 38,211 shares of the investment management company's stock valued at $603,000 after purchasing an additional 1,020 shares during the period. Consolidated Portfolio Review Corp grew its stake in India Fund by 7.8% during the first quarter. Consolidated Portfolio Review Corp now owns 114,295 shares of the investment management company's stock valued at $1,802,000 after acquiring an additional 8,314 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in India Fund by 10.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,670 shares of the investment management company's stock valued at $326,000 after acquiring an additional 1,898 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its stake in India Fund by 8.8% during the first quarter. Robertson Stephens Wealth Management LLC now owns 28,350 shares of the investment management company's stock valued at $447,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in India Fund by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 186,602 shares of the investment management company's stock valued at $2,943,000 after acquiring an additional 13,747 shares in the last quarter. Institutional investors own 10.76% of the company's stock.

India Fund Price Performance

NYSE:IFN traded down $0.01 during mid-day trading on Tuesday, hitting $16.31. 79,676 shares of the stock traded hands, compared to its average volume of 158,670. The business's 50-day moving average price is $16.29 and its 200 day moving average price is $15.77. India Fund, Inc. has a 12-month low of $13.76 and a 12-month high of $19.25.

India Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.64 annualized dividend and a yield of 10.06%.

About India Fund

(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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