Lazard Asset Management LLC Sells 1,702 Shares of The India Fund, Inc. (NYSE:IFN)

Lazard Asset Management LLC decreased its holdings in The India Fund, Inc. (NYSE:IFN) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,479 shares of the investment management company’s stock after selling 1,702 shares during the period. Lazard Asset Management LLC owned 0.36% of The India Fund worth $1,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IFN. Raymond James Financial Inc. bought a new position in The India Fund in the 4th quarter worth approximately $7,484,000. Cetera Investment Advisers lifted its position in shares of The India Fund by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 434,258 shares of the investment management company’s stock worth $6,840,000 after acquiring an additional 10,587 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of The India Fund in the fourth quarter worth $2,722,000. Transcend Capital Advisors LLC grew its position in shares of The India Fund by 25.7% in the fourth quarter. Transcend Capital Advisors LLC now owns 146,764 shares of the investment management company’s stock valued at $2,312,000 after purchasing an additional 30,000 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of The India Fund by 5.3% in the fourth quarter. LPL Financial LLC now owns 124,925 shares of the investment management company’s stock valued at $1,968,000 after purchasing an additional 6,333 shares in the last quarter. Institutional investors own 10.76% of the company’s stock.

The India Fund Price Performance

Shares of IFN opened at $16.55 on Friday. The India Fund, Inc. has a 52-week low of $13.76 and a 52-week high of $19.25. The stock’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $16.02.

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.