LPL Financial LLC Invests $202,000 in The India Fund, Inc. (IFN)

LPL Financial LLC acquired a new stake in The India Fund, Inc. (NYSE:IFN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,727 shares of the investment management company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clarus Wealth Advisors purchased a new position in shares of The India Fund in the 4th quarter valued at about $201,000. Guggenheim Capital LLC purchased a new position in shares of The India Fund in the 4th quarter valued at about $255,000. Bank of New York Mellon Corp purchased a new position in shares of The India Fund in the 4th quarter valued at about $262,000. Millennium Management LLC purchased a new position in shares of The India Fund in the 4th quarter valued at about $364,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of The India Fund by 92.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 16,681 shares of the investment management company’s stock valued at $436,000 after buying an additional 8,031 shares during the period. Institutional investors and hedge funds own 22.88% of the company’s stock.

Shares of IFN opened at $24.94 on Friday. The India Fund, Inc. has a 1 year low of $24.23 and a 1 year high of $28.81.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 20th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 12.19%. The ex-dividend date is Thursday, April 19th.

About The India Fund

There is no company description available for The India Fund Inc

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

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