Landscape Capital Management L.L.C. Has $13.61 Million Stake in The India Fund, Inc. (NYSE:IFN)

Landscape Capital Management L.L.C. boosted its position in The India Fund, Inc. (NYSE:IFN) by 25.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 715,745 shares of the investment management company’s stock after acquiring an additional 144,609 shares during the period. The India Fund accounts for 1.4% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 4th largest position. Landscape Capital Management L.L.C. owned 2.30% of The India Fund worth $13,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFN. International Assets Investment Management LLC bought a new stake in shares of The India Fund in the second quarter worth about $37,000. Planning Capital Management Corp increased its stake in shares of 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 worth $80,000 after purchasing an additional 733 shares during the period. Rathbones Group PLC raised its position in shares of The India Fund by 22.6% in the second quarter. Rathbones Group PLC now owns 12,205 shares of the investment management company’s stock valued at $218,000 after buying an additional 2,246 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in The India Fund during the second quarter worth $219,000. Finally, Miracle Mile Advisors LLC lifted its stake in The India Fund by 26.2% during the second quarter. Miracle Mile Advisors LLC now owns 14,430 shares of the investment management company’s stock worth $258,000 after purchasing an additional 3,000 shares during the last quarter. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Trading Up 0.4 %

Shares of IFN opened at $17.77 on Thursday. The India Fund, Inc. has a 52-week low of $16.62 and a 52-week high of $21.25. The business’s fifty day moving average is $18.25 and its 200-day moving average is $18.08.

The India Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be paid a $0.93 dividend. This is an increase from The India Fund’s previous quarterly dividend of $0.49. This represents a $3.72 dividend on an annualized basis and a dividend yield of 20.93%. The ex-dividend date of this dividend is Thursday, November 21st.

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.