Lazard Asset Management LLC Sells 163,295 Shares of Morgan Stanley India Investment Fund, Inc. $IIF

Lazard Asset Management LLC trimmed its holdings in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 609,359 shares of the company’s stock after selling 163,295 shares during the quarter. Lazard Asset Management LLC owned about 0.06% of Morgan Stanley India Investment Fund worth $12,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IIF. Raymond James Financial Inc. purchased a new stake in shares of Morgan Stanley India Investment Fund in the 2nd quarter valued at about $46,000. Osaic Holdings Inc. boosted its position in shares of Morgan Stanley India Investment Fund by 203.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after acquiring an additional 1,363 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Morgan Stanley India Investment Fund by 172.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after purchasing an additional 3,770 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the third quarter worth about $208,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Morgan Stanley India Investment Fund in the fourth quarter worth approximately $215,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Stock Performance

IIF stock opened at $22.64 on Thursday. The company’s 50 day moving average is $22.28 and its 200 day moving average is $22.57. Morgan Stanley India Investment Fund, Inc. has a 1-year low of $19.83 and a 1-year high of $27.99.

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.