Raymond James Financial Services Advisors Inc. trimmed its stake in shares of The India Fund, Inc. (NYSE:IFN – Free Report) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,795 shares of the investment management company’s stock after selling 1,165 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in The India Fund were worth $196,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bartlett & Co. LLC acquired a new position in The India Fund during the 2nd quarter worth $25,000. Barclays PLC acquired a new position in shares of The India Fund during the first quarter valued at $94,000. Advisor Group Holdings Inc. lifted its position in The India Fund by 37.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,869 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 2,395 shares during the period. Cooper Financial Group acquired a new position in The India Fund during the 1st quarter valued at about $171,000. Finally, Robertson Stephens Wealth Management LLC acquired a new position in The India Fund during the 1st quarter valued at about $177,000. Institutional investors and hedge funds own 8.11% of the company’s stock.
The India Fund Stock Performance
Shares of NYSE IFN opened at $16.87 on Tuesday. The company’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $16.40. The India Fund, Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $17.76.
The India Fund Announces Dividend
The India Fund Profile
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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