Consolidated Portfolio Review Corp Boosts Stock Holdings in India Fund, Inc. (NYSE:IFN)

Consolidated Portfolio Review Corp lifted its stake in India Fund, Inc. (NYSE:IFN) by 7.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,295 shares of the investment management company’s stock after purchasing an additional 8,314 shares during the period. Consolidated Portfolio Review Corp’s holdings in India Fund were worth $1,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Noble Wealth Management PBC acquired a new position in shares of India Fund during the fourth quarter worth about $49,000. Farther Finance Advisors LLC lifted its stake in India Fund by 21,522.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the investment management company’s stock worth $61,000 after acquiring an additional 3,874 shares during the last quarter. Elequin Capital LP acquired a new position in India Fund during the 4th quarter worth approximately $143,000. Waverly Advisors LLC acquired a new position in India Fund during the 4th quarter worth approximately $185,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of India Fund in the 4th quarter valued at approximately $198,000. 10.76% of the stock is owned by institutional investors and hedge funds.

India Fund Stock Performance

Shares of IFN opened at $16.01 on Tuesday. The firm’s fifty day simple moving average is $16.09 and its 200-day simple moving average is $15.80. India Fund, Inc. has a twelve month low of $13.76 and a twelve month high of $19.25.

India Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date is Thursday, May 22nd.

India Fund Company 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.