Ladenburg Thalmann Financial Services Inc. Acquires 16,744 Shares of The India Fund, Inc. (NYSE:IFN)

Share on StockTwits

Ladenburg Thalmann Financial Services Inc. grew its holdings in The India Fund, Inc. (NYSE:IFN) by 104.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,715 shares of the investment management company’s stock after acquiring an additional 16,744 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned 0.12% of The India Fund worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IFN. Wells Fargo & Company MN lifted its position in The India Fund by 12.2% in the second quarter. Wells Fargo & Company MN now owns 1,712,526 shares of the investment management company’s stock worth $36,442,000 after purchasing an additional 185,985 shares during the period. Morgan Stanley lifted its position in The India Fund by 9.9% in the second quarter. Morgan Stanley now owns 748,586 shares of the investment management company’s stock worth $15,930,000 after purchasing an additional 67,696 shares during the period. Janney Montgomery Scott LLC lifted its position in The India Fund by 443.1% in the second quarter. Janney Montgomery Scott LLC now owns 82,528 shares of the investment management company’s stock worth $1,756,000 after purchasing an additional 67,333 shares during the period. Twin Focus Capital Partners LLC bought a new position in The India Fund in the first quarter worth $321,000. Finally, Vontobel Asset Management Inc. bought a new position in The India Fund in the second quarter worth $295,000. 19.42% of the stock is owned by hedge funds and other institutional investors.

Shares of IFN stock opened at $19.98 on Friday. The India Fund, Inc. has a one year low of $19.41 and a one year high of $22.65. The stock has a fifty day moving average price of $20.05 and a 200 day moving average price of $20.87.

The company also recently announced a — dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 11.6%.

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.

See Also: Quiet Period Expirations

Want to see what other hedge funds are holding IFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The India Fund, Inc. (NYSE:IFN).

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

Receive News & Ratings for The India Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The India Fund and related companies with MarketBeat.com's FREE daily email newsletter.