Cambridge Investment Research Advisors Inc. Has $326,000 Stock Holdings in India Fund, Inc. (NYSE:IFN)

Cambridge Investment Research Advisors Inc. grew its holdings in India Fund, Inc. (NYSE:IFN) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,670 shares of the investment management company’s stock after purchasing an additional 1,898 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.07% of India Fund worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in India Fund in the 4th quarter valued at about $667,000. Bank of America Corp DE increased its position in India Fund by 3.7% in the 4th quarter. Bank of America Corp DE now owns 70,182 shares of the investment management company’s stock valued at $1,105,000 after buying an additional 2,491 shares in the last quarter. Commonwealth Equity Services LLC increased its position in India Fund by 41.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 84,409 shares of the investment management company’s stock valued at $1,329,000 after buying an additional 24,929 shares in the last quarter. Pettinga Financial Advisors LLC bought a new stake in India Fund in the 4th quarter valued at about $418,000. Finally, Farther Finance Advisors LLC increased its position in India Fund by 21,522.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company’s stock valued at $61,000 after buying an additional 3,874 shares in the last quarter. 10.76% of the stock is owned by institutional investors.

India Fund Price Performance

Shares of IFN opened at $16.03 on Friday. The stock has a 50 day moving average price of $16.30 and a two-hundred day moving average price of $15.78. India Fund, Inc. has a 52 week low of $13.76 and a 52 week high of $19.25.

India Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date was Thursday, May 22nd.

About 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.