Public Employees Retirement System of Ohio lowered its holdings in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Free Report) by 63.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,672 shares of the company’s stock after selling 125,835 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Morgan Stanley India Investment Fund were worth $1,516,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter valued at about $46,000. Osaic Holdings Inc. increased its stake in 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 worth $57,000 after purchasing an additional 1,363 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Morgan Stanley India Investment Fund by 172.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after buying an additional 3,770 shares during the period. SeaCrest Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund in the third quarter valued at approximately $208,000. Finally, Commonwealth Equity Services LLC bought a new position in Morgan Stanley India Investment Fund in the fourth quarter valued at approximately $215,000. Institutional investors own 36.96% of the company’s stock.
Morgan Stanley India Investment Fund Trading Up 0.2%
Morgan Stanley India Investment Fund stock opened at $23.00 on Monday. The company has a 50 day moving average of $22.34 and a 200-day moving average of $22.54. Morgan Stanley India Investment Fund, Inc. has a twelve month low of $19.83 and a twelve month high of $27.99.
Morgan Stanley India Investment Fund Company Profile
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.
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