Raymond James & Associates lessened its holdings in shares of The India Fund, Inc. (NYSE:IFN – Get Rating) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,161 shares of the investment management company's stock after selling 3,161 shares during the period. Raymond James & Associates owned 0.08% of The India Fund worth $340,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of The India Fund during the 2nd quarter worth about $26,000. CWM LLC acquired a new position in The India Fund during the second quarter worth approximately $29,000. Keystone Financial Group increased its position in The India Fund by 54.5% during the second quarter. Keystone Financial Group now owns 15,602 shares of the investment management company's stock worth $254,000 after buying an additional 5,504 shares during the period. Oppenheimer & Co. Inc. acquired a new position in The India Fund during the second quarter worth approximately $361,000. Finally, Csenge Advisory Group increased its position in The India Fund by 41.5% during the second quarter. Csenge Advisory Group now owns 24,506 shares of the investment management company's stock worth $399,000 after buying an additional 7,189 shares during the period. Institutional investors and hedge funds own 11.92% of the company's stock.
Get The India Fund alerts:The India Fund Stock Down 0.3 %
IFN opened at $15.99 on Friday. The India Fund, Inc. has a 52 week low of $14.65 and a 52 week high of $20.65. The business's 50 day moving average is $15.59 and its two-hundred day moving average is $16.47.
The India Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Tuesday, November 22nd were given a dividend of $1.61 per share. This is a positive change from The India Fund's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 21st. This represents a $6.44 annualized dividend and a yield of 40.28%.About The India Fund
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on The India Fund (IFN)
- Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
- Zimmer Biomet Beats on Earnings, Growth May be Priced In
- AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
- Ford Stock Going Forward After Big Earnings Flop
- Insiders And Institutions Buy Wolverine Worldwide
Want to see what other hedge funds are holding IFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The India Fund, Inc. (NYSE:IFN – Get Rating).
Receive News & Ratings for The India Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The India Fund and related companies with MarketBeat.com's FREE daily email newsletter.