Pettinga Financial Advisors LLC acquired a new position in shares of The India Fund, Inc. (NYSE:IFN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,530 shares of the investment management company's stock, valued at approximately $418,000. Pettinga Financial Advisors LLC owned about 0.09% of The India Fund as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of IFN. Raymond James Financial Inc. acquired a new stake in shares of The India Fund in the fourth quarter valued at approximately $7,484,000. Janney Montgomery Scott LLC acquired a new stake in shares of The India Fund in the fourth quarter valued at approximately $2,722,000. Wolverine Asset Management LLC raised its position in shares of The India Fund by 188.4% in the fourth quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company's stock valued at $1,721,000 after buying an additional 71,390 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of The India Fund in the fourth quarter valued at approximately $814,000. Finally, Absolute Investment Advisers LLC acquired a new stake in shares of The India Fund in the fourth quarter valued at approximately $770,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.
The India Fund Stock Down 0.2%
Shares of NYSE IFN traded down $0.03 during midday trading on Wednesday, reaching $16.29. The company's stock had a trading volume of 31,771 shares, compared to its average volume of 174,681. The India Fund, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $19.25. The business's 50 day moving average price is $15.66 and its two-hundred day moving average price is $15.96.
The India Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be given a $0.41 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.07%.
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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