Allspring Global Investments Holdings LLC lowered its stake in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Free Report) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,672 shares of the company’s stock after selling 70,772 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.99% of Morgan Stanley India Investment Fund worth $2,365,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 12.5% in the third quarter. Lazard Asset Management LLC now owns 770,263 shares of the company’s stock valued at $20,296,000 after acquiring an additional 85,835 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of Morgan Stanley India Investment Fund by 366.1% in the third quarter. City of London Investment Management Co. Ltd. now owns 482,174 shares of the company’s stock valued at $12,705,000 after acquiring an additional 378,732 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Morgan Stanley India Investment Fund by 8.4% in the third quarter. Public Employees Retirement System of Ohio now owns 199,507 shares of the company’s stock valued at $5,257,000 after acquiring an additional 15,543 shares during the last quarter. UBS Group AG increased its position in shares of Morgan Stanley India Investment Fund by 3.9% in the third quarter. UBS Group AG now owns 164,089 shares of the company’s stock valued at $4,324,000 after acquiring an additional 6,117 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 2.3% in the third quarter. Evergreen Capital Management LLC now owns 114,771 shares of the company’s stock valued at $3,024,000 after acquiring an additional 2,618 shares during the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.
Morgan Stanley India Investment Fund Stock Up 4.6%
NYSE:IIF opened at $21.83 on Thursday. The stock’s 50-day simple moving average is $22.71 and its 200 day simple moving average is $24.97. Morgan Stanley India Investment Fund, Inc. has a 52-week low of $19.83 and a 52-week high of $28.37.
About Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund (NYSE:IIF) is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.
The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.
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