Hanson & Doremus Investment Management Has $61,000 Stock Holdings in The India Fund, Inc. (NYSE:IFN)

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Hanson & Doremus Investment Management cut its holdings in The India Fund, Inc. (NYSE:IFN) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,958 shares of the investment management company’s stock after selling 733 shares during the quarter. Hanson & Doremus Investment Management’s holdings in The India Fund were worth $61,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Diversified Trust Co bought a new position in The India Fund in the second quarter valued at about $283,000. Ayalon Holdings Ltd. boosted its holdings in The India Fund by 21.1% during the second quarter. Ayalon Holdings Ltd. now owns 4,870 shares of the investment management company’s stock worth $105,000 after buying an additional 850 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in The India Fund by 8.0% during the second quarter. Commonwealth Equity Services LLC now owns 32,150 shares of the investment management company’s stock worth $684,000 after buying an additional 2,395 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in The India Fund by 46.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 2,389 shares of the investment management company’s stock worth $51,000 after buying an additional 759 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in The India Fund by 443.1% during the second quarter. Janney Montgomery Scott LLC now owns 82,528 shares of the investment management company’s stock worth $1,756,000 after buying an additional 67,333 shares during the last quarter. Institutional investors own 19.43% of the company’s stock.

Shares of IFN opened at $20.43 on Monday. The India Fund, Inc. has a 1 year low of $19.41 and a 1 year high of $22.65. The stock’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $20.83.

The business also recently announced a — dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.58 per share. This represents a yield of 11.6%. The ex-dividend date was Friday, September 20th.

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.

Read More: What does a dividend yield signify to investors?

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).

Institutional Ownership by Quarter for The India Fund (NYSE:IFN)

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