Quantedge Capital Pte Ltd purchased a new stake in The India Fund, Inc. (NYSE:IFN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,100 shares of the investment management company's stock, valued at approximately $443,000. Quantedge Capital Pte Ltd owned about 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. Noble Wealth Management PBC purchased a new position in The India Fund in the fourth quarter worth approximately $49,000. Farther Finance Advisors LLC grew its position in 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 worth $61,000 after acquiring an additional 3,874 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of The India Fund during the fourth quarter worth $198,000. Keystone Financial Group purchased a new position in shares of The India Fund during the fourth quarter worth $212,000. Finally, Integrity Wealth Advisors Inc. purchased a new position in shares of The India Fund during the fourth quarter worth $231,000. Institutional investors and hedge funds own 10.76% of the company's stock.
The India Fund Trading Up 0.7%
Shares of NYSE IFN opened at $16.32 on Thursday. The India Fund, Inc. has a 12-month low of $13.76 and a 12-month high of $19.25. The business's fifty day simple moving average is $15.39 and its 200-day simple moving average is $16.04.
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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Want to see what other hedge funds are holding IFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The India Fund, Inc. (NYSE:IFN - Free Report).
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