Schnieders Capital Management LLC Raises Stock Holdings in The India Fund, Inc. (NYSE:IFN)

Schnieders Capital Management LLC boosted its stake in The India Fund, Inc. (NYSE:IFN) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,359 shares of the investment management company’s stock after buying an additional 1,300 shares during the period. Schnieders Capital Management LLC owned approximately 0.09% of The India Fund worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atria Wealth Solutions Inc. increased its stake in The India Fund by 33.4% during the third quarter. Atria Wealth Solutions Inc. now owns 215,380 shares of the investment management company’s stock worth $3,752,000 after purchasing an additional 53,907 shares during the period. Koshinski Asset Management Inc. grew its position in shares of The India Fund by 104.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 44,315 shares of the investment management company’s stock worth $811,000 after buying an additional 22,687 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of The India Fund during the fourth quarter worth about $669,000. Oppenheimer & Co. Inc. grew its position in shares of The India Fund by 65.3% during the third quarter. Oppenheimer & Co. Inc. now owns 28,636 shares of the investment management company’s stock worth $499,000 after buying an additional 11,311 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of The India Fund by 25.0% during the fourth quarter. Raymond James & Associates now owns 25,641 shares of the investment management company’s stock worth $469,000 after buying an additional 5,129 shares in the last quarter. 10.76% of the stock is currently owned by hedge funds and other institutional investors.

The India Fund Stock Performance

Shares of The India Fund stock remained flat at $18.28 on Wednesday. The stock had a trading volume of 127,322 shares, compared to its average volume of 187,760. The India Fund, Inc. has a 1-year low of $15.12 and a 1-year high of $21.25. The stock’s fifty day moving average is $19.94 and its 200 day moving average is $18.58.

The India Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This is an increase from The India Fund’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.41%.

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.