13,387 Shares in The India Fund, Inc. (NYSE:IFN) Purchased by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP purchased a new position in The India Fund, Inc. (NYSE:IFNFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,387 shares of the investment management company’s stock, valued at approximately $245,000.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC acquired a new position in The India Fund in the first quarter valued at approximately $94,000. Advisor Group Holdings Inc. raised its holdings in shares of The India Fund by 37.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 8,869 shares of the investment management company’s stock valued at $132,000 after buying an additional 2,395 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of The India Fund by 129,287.5% during the second quarter. JPMorgan Chase & Co. now owns 10,351 shares of the investment management company’s stock valued at $172,000 after buying an additional 10,343 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of The India Fund during the third quarter valued at approximately $190,000. Finally, Sunesis Advisors LLC bought a new stake in shares of The India Fund during the third quarter valued at approximately $211,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Stock Up 0.9 %

IFN opened at $20.66 on Thursday. The business’s 50 day moving average is $20.12 and its 200-day moving average is $18.40. The India Fund, Inc. has a twelve month low of $15.05 and a twelve month high of $21.25.

The India Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 22nd were issued a dividend of $0.43 per share. This is a boost from The India Fund’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.72 annualized dividend and a yield of 8.33%.

The India Fund Profile

(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.

Further Reading

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Institutional Ownership by Quarter for The India Fund (NYSE:IFN)

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