Jane Street Group LLC acquired a new position in shares of The India Fund, Inc. (NYSE:IFN - Free Report) during the 4th quarter, according to its most recent 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 0.14% of The India Fund at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Noble Wealth Management PBC bought a new position in The India Fund during the fourth quarter worth $49,000. Farther Finance Advisors LLC grew its stake in The India Fund by 21,522.2% during the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company's stock valued at $61,000 after acquiring an additional 3,874 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in The India Fund during the 4th quarter valued at about $198,000. Keystone Financial Group purchased a new position in The India Fund during the 4th quarter valued at about $212,000. Finally, Integrity Wealth Advisors Inc. purchased a new position in The India Fund during the 4th quarter valued at about $231,000. 10.76% of the stock is currently owned by hedge funds and other institutional investors.
The India Fund Stock Down 0.7%
IFN traded down $0.11 on Friday, hitting $16.34. The company had a trading volume of 56,685 shares, compared to its average volume of 170,523. The company's fifty day moving average price is $15.68 and its 200 day moving average price is $15.93. The India Fund, Inc. has a 1-year low of $13.76 and a 1-year high of $19.25.
The India Fund Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.64 annualized dividend and a yield of 10.04%.
The India Fund 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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