Jane Street Group LLC acquired a new position in The India Fund, Inc. (NYSE:IFN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,375 shares of the investment management company's stock, valued at approximately $667,000. Jane Street Group LLC owned approximately 0.14% of The India Fund at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in IFN. Janney Montgomery Scott LLC acquired a new stake in shares of The India Fund during the 4th quarter valued at $2,722,000. Absolute Investment Advisers LLC acquired a new position in The India Fund during the fourth quarter worth $770,000. Matisse Capital acquired a new stake in shares of The India Fund in the fourth quarter valued at about $238,000. Calamos Advisors LLC grew its position in shares of The India Fund by 92.0% in the fourth quarter. Calamos Advisors LLC now owns 37,191 shares of the investment management company's stock valued at $586,000 after purchasing an additional 17,816 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in The India Fund by 188.4% during the fourth quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company's stock worth $1,721,000 after buying an additional 71,390 shares in the last quarter. 10.76% of the stock is currently owned by institutional investors and hedge funds.
The India Fund Stock Down 0.8%
IFN traded down $0.13 during midday trading on Friday, reaching $16.33. 45,710 shares of the company's stock were exchanged, compared to its average volume of 171,433. The India Fund, Inc. has a one year low of $13.76 and a one year high of $19.25. The business has a 50-day simple moving average of $15.68 and a two-hundred day simple moving average of $15.95.
The India Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.05%. The ex-dividend date is Thursday, May 22nd.
About The 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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