12,600 Shares in The India Fund, Inc. (NYSE:IFN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in The India Fund, Inc. (NYSE:IFN) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 12,600 shares of the investment management company’s stock, valued at approximately $198,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of The India Fund during the third quarter valued at about $65,000. Planning Capital Management Corp boosted its stake in The India Fund by 21.3% during the third quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company’s stock valued at $80,000 after buying an additional 733 shares during the last quarter. IHT Wealth Management LLC purchased a new position in The India Fund during the 3rd quarter valued at approximately $191,000. Nwam LLC purchased a new position in The India Fund during the 3rd quarter valued at approximately $280,000. Finally, Matisse Capital bought a new stake in The India Fund in the 4th quarter worth approximately $238,000. 10.76% of the stock is currently owned by institutional investors.

The India Fund Stock Up 0.4 %

Shares of IFN opened at $14.84 on Thursday. The India Fund, Inc. has a 1 year low of $14.17 and a 1 year high of $20.83. The business’s 50 day simple moving average is $15.64 and its 200-day simple moving average is $17.02.

The India Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 12.40%. The ex-dividend date is Friday, February 21st.

The 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.