Integrity Wealth Advisors Inc. Buys Shares of 14,673 The India Fund, Inc. (NYSE:IFN)

Integrity Wealth Advisors Inc. purchased a new stake in shares of The India Fund, Inc. (NYSE:IFN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,673 shares of the investment management company’s stock, valued at approximately $231,000.

Other large investors have also bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in The India Fund by 188.4% during the 4th quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company’s stock worth $1,721,000 after purchasing an additional 71,390 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in The India Fund during the 4th quarter valued at $2,722,000. Transcend Capital Advisors LLC raised its holdings in The India Fund by 25.7% during the fourth quarter. Transcend Capital Advisors LLC now owns 146,764 shares of the investment management company’s stock worth $2,312,000 after buying an additional 30,000 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of The India Fund by 92.0% in the fourth quarter. Calamos Advisors LLC now owns 37,191 shares of the investment management company’s stock valued at $586,000 after buying an additional 17,816 shares in the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in shares of The India Fund during the fourth quarter valued at about $770,000. 10.76% of the stock is owned by institutional investors.

The India Fund Price Performance

NYSE:IFN opened at $14.72 on Tuesday. The India Fund, Inc. has a one year low of $13.76 and a one year high of $19.47. The firm has a 50-day moving average of $15.18 and a 200-day moving average of $16.43.

The India Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 12.50%. The ex-dividend date of this dividend was 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.