The India Fund, Inc. (NYSE:IFN) Shares Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC lifted its position in The India Fund, Inc. (NYSE:IFN) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,034 shares of the investment management company’s stock after purchasing an additional 1,300 shares during the period. Schnieders Capital Management LLC owned about 0.10% of The India Fund worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in IFN. Penserra Capital Management LLC acquired a new position in shares of The India Fund in the 3rd quarter valued at $4,794,000. Rivernorth Capital Management LLC acquired a new position in shares of The India Fund in the 3rd quarter valued at $3,540,000. Janney Montgomery Scott LLC acquired a new position in shares of The India Fund in the 4th quarter valued at $2,722,000. Landscape Capital Management L.L.C. lifted its stake in shares of The India Fund by 25.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 715,745 shares of the investment management company’s stock valued at $13,613,000 after purchasing an additional 144,609 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of The India Fund by 188.4% in the 4th quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company’s stock valued at $1,721,000 after purchasing an additional 71,390 shares during the period. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Stock Performance

NYSE:IFN opened at $14.89 on Thursday. The company has a fifty day moving average of $15.88 and a two-hundred day moving average of $17.29. The India Fund, Inc. has a fifty-two week low of $14.85 and a fifty-two week high of $21.25.

The India Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Friday, February 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.