Morgan Stanley India Investment Fund, Inc. $IIF Shares Sold by Bulldog Investors LLP

Key Points

• Bulldog Investors LLP reduced its stake in Morgan Stanley India Investment Fund by 22.9% in Q3, selling 68,352 shares and now holds 229,537 shares (about 2.40% of the fund) valued at roughly $6.05 million and ranking as its 18th-largest position.
• Other institutional moves included City of London Investment Management initiating a ~$2.92 million stake and Lazard Asset Management increasing its holding by 16.5% to 684,428 shares (about $19.32 million), with total institutional ownership around 36.96%.
• Morgan Stanley India Investment Fund shares opened at $21.54 (down 1.9%), with a 50-day moving average of $23.91, a 200-day moving average of $25.72, and a 52-week range of $21.50–$28.37.

Bulldog Investors LLP lessened its holdings in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,537 shares of the company's stock after selling 68,352 shares during the period. Morgan Stanley India Investment Fund makes up 1.4% of Bulldog Investors LLP's holdings, making the stock its 18th biggest position. Bulldog Investors LLP owned approximately 2.40% of Morgan Stanley India Investment Fund worth $6,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. purchased a new stake in Morgan Stanley India Investment Fund in the second quarter valued at $2,920,000. Lazard Asset Management LLC raised its stake in shares of Morgan Stanley India Investment Fund by 16.5% during the 2nd quarter. Lazard Asset Management LLC now owns 684,428 shares of the company's stock valued at $19,321,000 after buying an additional 96,761 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 9.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 112,153 shares of the company's stock valued at $3,166,000 after buying an additional 9,706 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the second quarter worth about $251,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the third quarter worth about $208,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley India Investment Fund Stock Down 1.9%

Morgan Stanley India Investment Fund stock opened at $21.54 on Friday. The business's 50-day moving average price is $23.91 and its 200 day moving average price is $25.72. Morgan Stanley India Investment Fund, Inc. has a 52 week low of $21.50 and a 52 week high of $28.37.

Morgan Stanley India Investment Fund Profile

Morgan Stanley India Investment Fund NYSE: IIF is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.

The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.

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