Penserra Capital Management LLC grew its position in India Fund, Inc. (NYSE:IFN - Free Report) by 260.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 972,936 shares of the investment management company's stock after buying an additional 702,686 shares during the quarter. Penserra Capital Management LLC owned 3.13% of India Fund worth $15,343,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in IFN. Farther Finance Advisors LLC increased its position in India Fund by 19.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,660 shares of the investment management company's stock worth $73,000 after purchasing an additional 768 shares in the last quarter. Calamos Advisors LLC increased its position in India Fund by 2.7% during the 1st quarter. Calamos Advisors LLC now owns 38,211 shares of the investment management company's stock worth $603,000 after purchasing an additional 1,020 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in India Fund by 10.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,670 shares of the investment management company's stock worth $326,000 after purchasing an additional 1,898 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in India Fund by 8.8% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 28,350 shares of the investment management company's stock worth $447,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in India Fund by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 30,925 shares of the investment management company's stock worth $487,000 after purchasing an additional 2,474 shares in the last quarter. Hedge funds and other institutional investors own 10.76% of the company's stock.
India Fund Stock Down 0.3%
NYSE:IFN traded down $0.05 during mid-day trading on Thursday, reaching $16.11. The company's stock had a trading volume of 101,580 shares, compared to its average volume of 158,285. The company's fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $15.78. India Fund, Inc. has a twelve month low of $13.76 and a twelve month high of $19.25.
India Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date was Thursday, May 22nd.
India Fund Company 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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