Stifel Financial Corp Has $527,000 Stake in The India Fund, Inc. (NYSE:IFN)

Stifel Financial Corp reduced its stake in The India Fund, Inc. (NYSE:IFN - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,487 shares of the investment management company's stock after selling 21,562 shares during the quarter. Stifel Financial Corp owned about 0.11% of The India Fund worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in shares of The India Fund during the 4th quarter worth approximately $49,000. Farther Finance Advisors LLC increased its holdings in shares of The 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 buying an additional 3,874 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of The India Fund during the fourth quarter valued at about $198,000. Keystone Financial Group acquired a new stake in shares of The India Fund during the fourth quarter valued at about $212,000. Finally, Integrity Wealth Advisors Inc. bought a new stake in shares of The India Fund during the fourth quarter worth about $231,000. Institutional investors and hedge funds own 10.76% of the company's stock.

The India Fund Stock Down 0.2%

NYSE:IFN traded down $0.03 during mid-day trading on Friday, hitting $16.52. 77,969 shares of the company's stock were exchanged, compared to its average volume of 191,189. The India Fund, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $19.25. The company has a 50 day simple moving average of $15.43 and a 200-day simple moving average of $16.03.

About The India Fund

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.