The India Fund, Inc. (IFN) Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC lessened its stake in The India Fund, Inc. (NYSE:IFN) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 58,140 shares of the investment management company’s stock after selling 3,391 shares during the quarter. RPG Investment Advisory LLC’s holdings in The India Fund were worth $1,242,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. boosted its holdings in shares of The India Fund by 11.1% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 2,133,811 shares of the investment management company’s stock valued at $43,167,000 after buying an additional 212,475 shares during the period. Strs Ohio boosted its holdings in The India Fund by 37.3% during the fourth quarter. Strs Ohio now owns 131,472 shares of the investment management company’s stock worth $2,660,000 after purchasing an additional 35,691 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in The India Fund by 76.0% during the fourth quarter. 1607 Capital Partners LLC now owns 108,186 shares of the investment management company’s stock worth $2,190,000 after purchasing an additional 46,727 shares during the last quarter. Geode Capital Management LLC boosted its holdings in The India Fund by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 93,755 shares of the investment management company’s stock worth $1,897,000 after purchasing an additional 3,868 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its holdings in The India Fund by 100.0% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 60,000 shares of the investment management company’s stock worth $1,214,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors own 22.58% of the company’s stock.

IFN traded up $0.09 during trading hours on Monday, hitting $21.65. 105,653 shares of the company’s stock were exchanged, compared to its average volume of 76,345. The India Fund, Inc. has a 1-year low of $19.66 and a 1-year high of $25.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend was Wednesday, March 20th.

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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.

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Institutional Ownership by Quarter for The India Fund (NYSE:IFN)

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