International Assets Investment Management LLC Acquires New Position in The India Fund, Inc. (NYSE:IFN)

International Assets Investment Management LLC acquired a new stake in shares of The India Fund, Inc. (NYSE:IFN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 36,551 shares of the investment management company’s stock, valued at approximately $669,000.

Other large investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its stake in shares of The India Fund by 33.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 215,380 shares of the investment management company’s stock valued at $3,752,000 after buying an additional 53,907 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of The India Fund by 65.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 28,636 shares of the investment management company’s stock valued at $499,000 after buying an additional 11,311 shares during the period. Raymond James & Associates grew its stake in shares of The India Fund by 25.0% in the 4th quarter. Raymond James & Associates now owns 25,641 shares of the investment management company’s stock valued at $469,000 after buying an additional 5,129 shares during the period. Schnieders Capital Management LLC grew its stake in shares of The India Fund by 27.7% in the 3rd quarter. Schnieders Capital Management LLC now owns 24,059 shares of the investment management company’s stock valued at $419,000 after buying an additional 5,220 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in shares of The India Fund by 11.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 21,628 shares of the investment management company’s stock valued at $377,000 after buying an additional 2,151 shares during the period. Hedge funds and other institutional investors own 10.76% of the company’s stock.

The India Fund Price Performance

The India Fund stock opened at $18.28 on Thursday. The firm has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $18.58. The India Fund, Inc. has a 1-year low of $15.12 and a 1-year high of $21.25.

The India Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 22nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.41%. This is a boost from The India Fund’s previous quarterly dividend of $0.41.

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.