Css LLC Il Acquires Shares of 15,088 The India Fund, Inc. (NYSE:IFN)

Css LLC Il bought a new position in shares of The India Fund, Inc. (NYSE:IFN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,088 shares of the investment management company’s stock, valued at approximately $238,000.

A number of other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in The India Fund by 188.4% during the 4th quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company’s stock valued at $1,721,000 after purchasing an additional 71,390 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of The India Fund during the fourth quarter valued at about $2,722,000. Transcend Capital Advisors LLC increased its position in shares of The India Fund by 25.7% during the fourth quarter. Transcend Capital Advisors LLC now owns 146,764 shares of the investment management company’s stock worth $2,312,000 after acquiring an additional 30,000 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of The India Fund by 92.0% in the 4th quarter. Calamos Advisors LLC now owns 37,191 shares of the investment management company’s stock worth $586,000 after acquiring an additional 17,816 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new stake in shares of The India Fund in the 4th quarter worth about $770,000. 10.76% of the stock is currently owned by institutional investors.

The India Fund Trading Down 3.5%

IFN stock opened at $16.23 on Friday. The business has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $16.00. The India Fund, Inc. has a 52-week low of $13.76 and a 52-week high of $19.25.

The India Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be issued a $0.41 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.10%.

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.