Atria Wealth Solutions Inc. Purchases 35,836 Shares of The India Fund, Inc. (NYSE:IFN)

Atria Wealth Solutions Inc. boosted its position in The India Fund, Inc. (NYSE:IFN) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,216 shares of the investment management company’s stock after acquiring an additional 35,836 shares during the period. Atria Wealth Solutions Inc. owned 0.85% of The India Fund worth $4,595,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IFN. International Assets Investment Management LLC bought a new position in The India Fund in the fourth quarter valued at about $669,000. Koshinski Asset Management Inc. boosted its holdings in The India Fund by 104.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 44,315 shares of the investment management company’s stock valued at $811,000 after acquiring an additional 22,687 shares during the last quarter. American Institute for Advanced Investment Management LLP bought a new position in The India Fund in the fourth quarter valued at about $245,000. Avantax Advisory Services Inc. bought a new position in The India Fund in the third quarter valued at about $212,000. Finally, Sunesis Advisors LLC acquired a new position in The India Fund in the third quarter valued at about $211,000. Institutional investors own 10.76% of the company’s stock.

The India Fund Price Performance

NYSE:IFN opened at $18.28 on Friday. The India Fund, Inc. has a 1-year low of $15.12 and a 1-year high of $21.25. The business’s 50-day moving average price is $19.86 and its two-hundred day moving average price is $18.57.

The India Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.41%. This is a positive change from The India Fund’s previous quarterly dividend of $0.41.

The India Fund Profile

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.