Quantedge Capital Pte Ltd bought a new stake in The India Fund, Inc. (NYSE:IFN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,100 shares of the investment management company's stock, valued at approximately $443,000. Quantedge Capital Pte Ltd owned approximately 0.09% of The India Fund as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in The India Fund during the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC increased its holdings in shares of The India Fund by 21,522.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company's stock valued at $61,000 after acquiring an additional 3,874 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of The India Fund during the 4th quarter valued at approximately $198,000. Keystone Financial Group bought a new position in The India Fund during the fourth quarter worth $212,000. Finally, Integrity Wealth Advisors Inc. bought a new position in The India Fund during the fourth quarter worth $231,000. Institutional investors own 10.76% of the company's stock.
The India Fund Stock Up 0.1%
IFN stock traded up $0.02 during trading on Tuesday, hitting $16.78. 112,620 shares of the company's stock traded hands, compared to its average volume of 175,898. The India Fund, Inc. has a 52 week low of $13.76 and a 52 week high of $19.25. The stock has a fifty day moving average price of $15.50 and a two-hundred day moving average price of $16.00.
The India Fund Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.41 per share. This represents a dividend yield of 9.79%. The ex-dividend date is Thursday, May 22nd.
The India Fund Company 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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