International Assets Investment Management LLC Acquires 38,719 Shares of The India Fund, Inc. (NYSE:IFN)

International Assets Investment Management LLC raised its holdings in shares of The India Fund, Inc. (NYSE:IFN) by 1,850.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,811 shares of the investment management company’s stock after purchasing an additional 38,719 shares during the period. International Assets Investment Management LLC owned 0.13% of The India Fund worth $7,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IFN. Raymond James & Associates boosted its holdings in The India Fund by 15.0% in the third quarter. Raymond James & Associates now owns 401,391 shares of the investment management company’s stock worth $7,634,000 after purchasing an additional 52,291 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of The India Fund by 26.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 368,268 shares of the investment management company’s stock worth $6,577,000 after buying an additional 76,436 shares during the last quarter. Beck Capital Management LLC grew its holdings in The India Fund by 0.8% during the 1st quarter. Beck Capital Management LLC now owns 183,425 shares of the investment management company’s stock valued at $3,755,000 after purchasing an additional 1,418 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in The India Fund by 4.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 129,999 shares of the investment management company’s stock valued at $2,661,000 after purchasing an additional 5,402 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in The India Fund by 16.4% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 95,241 shares of the investment management company’s stock valued at $1,701,000 after buying an additional 13,418 shares during the period. Institutional investors own 10.76% of the company’s stock.

The India Fund Price Performance

The India Fund stock opened at $17.60 on Friday. The firm has a 50-day moving average of $18.43 and a two-hundred day moving average of $18.13. The India Fund, Inc. has a 1 year low of $15.87 and a 1 year high of $21.25.

The India Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.49 per share. This is a positive change from The India Fund’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 11.14%.

The India Fund Company 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.