The India Fund, Inc. (NYSE:IFN) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of The India Fund, Inc. (NYSE:IFN) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,999 shares of the investment management company’s stock after purchasing an additional 5,402 shares during the period. Janney Montgomery Scott LLC’s holdings in The India Fund were worth $2,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schnieders Capital Management LLC increased its position in The India Fund by 5.4% during the fourth quarter. Schnieders Capital Management LLC now owns 25,359 shares of the investment management company’s stock worth $464,000 after purchasing an additional 1,300 shares during the last quarter. National Bank of Canada FI increased its position in The India Fund by 233.3% during the fourth quarter. National Bank of Canada FI now owns 2,000 shares of the investment management company’s stock worth $37,000 after purchasing an additional 1,400 shares during the last quarter. Commonwealth Equity Services LLC increased its position in The India Fund by 3.4% during the first quarter. Commonwealth Equity Services LLC now owns 46,902 shares of the investment management company’s stock worth $960,000 after purchasing an additional 1,534 shares during the last quarter. Consolidated Portfolio Review Corp increased its position in shares of The India Fund by 2.3% during the first quarter. Consolidated Portfolio Review Corp now owns 81,823 shares of the investment management company’s stock valued at $1,675,000 after acquiring an additional 1,863 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of The India Fund by 25.0% during the fourth quarter. Raymond James & Associates now owns 25,641 shares of the investment management company’s stock valued at $469,000 after acquiring an additional 5,129 shares during the last quarter. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Trading Up 0.2 %

Shares of IFN opened at $17.97 on Friday. The India Fund, Inc. has a 1-year low of $15.56 and a 1-year high of $21.25. The firm has a 50-day simple moving average of $17.78 and a two-hundred day simple moving average of $18.84.

The India Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, May 30th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 30th. This is a boost from The India Fund’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.02%.

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.