Logan Stone Capital LLC decreased its holdings in shares of The India Fund, Inc. (NYSE:IFN - Free Report) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,064 shares of the investment management company's stock after selling 15,991 shares during the quarter. Logan Stone Capital LLC owned 0.07% of The India Fund worth $348,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of The India Fund during the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC boosted its holdings in shares of The India Fund by 21,522.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company's stock valued at $61,000 after purchasing an additional 3,874 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of The India Fund in the fourth quarter valued at approximately $198,000. Keystone Financial Group purchased a new stake in shares of The India Fund in the fourth quarter valued at approximately $212,000. Finally, Integrity Wealth Advisors Inc. purchased a new stake in shares of The India Fund in the fourth quarter valued at approximately $231,000. Institutional investors own 10.76% of the company's stock.
The India Fund Stock Performance
Shares of NYSE IFN remained flat at $16.55 during trading hours on Friday. The company had a trading volume of 190,453 shares, compared to its average volume of 175,632. The company has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $16.02. The India Fund, Inc. has a 12-month low of $13.76 and a 12-month high of $19.25.
The India Fund Profile
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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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