Pettinga Financial Advisors LLC bought a new position in The India Fund, Inc. (NYSE:IFN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,530 shares of the investment management company's stock, valued at approximately $418,000. Pettinga Financial Advisors LLC owned approximately 0.09% of The India Fund as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in The India Fund during the fourth quarter valued at approximately $2,722,000. Absolute Investment Advisers LLC bought a new stake in shares of The India Fund during the 4th quarter valued at about $770,000. Matisse Capital purchased a new stake in shares of The India Fund during the 4th quarter valued at about $238,000. Calamos Advisors LLC lifted its stake in shares of The India Fund by 92.0% in the 4th quarter. Calamos Advisors LLC now owns 37,191 shares of the investment management company's stock worth $586,000 after purchasing an additional 17,816 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings 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 worth $1,721,000 after buying an additional 71,390 shares during the last quarter. Institutional investors own 10.76% of the company's stock.
The India Fund Stock Performance
NYSE IFN traded up $0.18 during trading hours on Friday, hitting $16.40. 93,026 shares of the company's stock traded hands, compared to its average volume of 175,501. The India Fund, Inc. has a 52 week low of $13.76 and a 52 week high of $19.25. The business's fifty day moving average price is $15.63 and its two-hundred day moving average price is $15.97.
The India Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend 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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