IHT Wealth Management LLC Buys New Position in The India Fund, Inc. (NYSE:IFN)

IHT Wealth Management LLC acquired a new stake in The India Fund, Inc. (NYSE:IFN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,066 shares of the investment management company’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of The India Fund during the 2nd quarter valued at about $37,000. Planning Capital Management Corp lifted its position in shares of The India Fund by 21.3% in the 3rd quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 733 shares in the last quarter. Rathbones Group PLC boosted its stake in The India Fund by 22.6% in the 2nd quarter. Rathbones Group PLC now owns 12,205 shares of the investment management company’s stock worth $218,000 after purchasing an additional 2,246 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in The India Fund in the 2nd quarter worth approximately $219,000. Finally, Miracle Mile Advisors LLC boosted its stake in The India Fund by 26.2% in the 2nd 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 period. 10.76% of the stock is currently owned by institutional investors.

The India Fund Stock Down 0.6 %

Shares of The India Fund stock opened at $17.23 on Wednesday. The business has a fifty day simple moving average of $17.84 and a 200-day simple moving average of $18.02. The India Fund, Inc. has a 12 month low of $16.62 and a 12 month high of $21.25.

The India Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from The India Fund’s previous quarterly dividend of $0.49. This represents a $3.72 dividend on an annualized basis and a yield of 21.59%.

About The India Fund

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.