Pettinga Financial Advisors LLC lifted its position in India Fund, Inc. (NYSE:IFN - Free Report) by 107.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,101 shares of the investment management company's stock after purchasing an additional 28,571 shares during the quarter. Pettinga Financial Advisors LLC owned about 0.18% of India Fund worth $869,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in India Fund by 21,522.2% during the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company's stock worth $61,000 after acquiring an additional 3,874 shares during the period. Elequin Capital LP acquired a new stake in shares of India Fund during the 4th quarter worth approximately $143,000. Brown Advisory Inc. purchased a new position in shares of India Fund during the 1st quarter valued at approximately $162,000. Waverly Advisors LLC acquired a new position in shares of India Fund in the 4th quarter valued at $185,000. Finally, Proficio Capital Partners LLC purchased a new stake in India Fund during the fourth quarter worth $198,000. 10.76% of the stock is currently owned by hedge funds and other institutional investors.
India Fund Stock Down 0.7%
IFN stock traded down $0.12 during midday trading on Thursday, hitting $16.03. 156,388 shares of the stock traded hands, compared to its average volume of 158,570. India Fund, Inc. has a 1-year low of $13.76 and a 1-year high of $19.25. The stock's fifty day simple moving average is $16.29 and its 200-day simple moving average is $15.78.
India Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 22nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.23%. The ex-dividend date of this dividend was Thursday, May 22nd.
About 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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