Schnieders Capital Management LLC Purchases 1,300 Shares of The India Fund, Inc. (NYSE:IFN)

Schnieders Capital Management LLC grew its position in The India Fund, Inc. (NYSE:IFN) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,359 shares of the investment management company’s stock after purchasing an additional 1,300 shares during the quarter. Schnieders Capital Management LLC’s holdings in The India Fund were worth $464,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Koshinski Asset Management Inc. grew its stake in shares of The India Fund by 11.0% in the third quarter. Koshinski Asset Management Inc. now owns 21,628 shares of the investment management company’s stock worth $377,000 after acquiring an additional 2,151 shares during the last quarter. Sunesis Advisors LLC acquired a new stake in The India Fund during the third quarter worth $211,000. Raymond James & Associates boosted its stake in The India Fund by 17.0% during the third quarter. Raymond James & Associates now owns 20,512 shares of the investment management company’s stock worth $357,000 after buying an additional 2,978 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in The India Fund during the third quarter worth $190,000. Finally, Oppenheimer & Co. Inc. boosted its stake in 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. Institutional investors own 10.76% of the company’s stock.

The India Fund Price Performance

IFN remained flat at $18.28 during trading on Wednesday. 127,322 shares of the company’s stock were exchanged, 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 firm has a fifty day moving average of $19.94 and a 200 day moving average of $18.58.

The India Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost 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 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.