Doliver Capital Advisors LP lifted its stake in shares of India Fund Inc (NYSE:IFN) by 164.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,061 shares of the investment management company’s stock after buying an additional 18,074 shares during the quarter. Doliver Capital Advisors LP owned about 0.10% of India Fund worth $779,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of IFN. Hermes Investment Management Ltd. acquired a new stake in shares of India Fund during the 3rd quarter worth about $9,249,000. Gramercy Funds Management LLC lifted its stake in shares of India Fund by 100.2% during the 2nd quarter. Gramercy Funds Management LLC now owns 20,824 shares of the investment management company’s stock worth $561,000 after buying an additional 10,424 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of India Fund during the 2nd quarter worth about $241,000. Royal Bank of Canada lifted its stake in shares of India Fund by 19.3% during the 2nd quarter. Royal Bank of Canada now owns 49,502 shares of the investment management company’s stock worth $1,335,000 after buying an additional 8,001 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of India Fund by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 892,812 shares of the investment management company’s stock worth $24,070,000 after buying an additional 4,422 shares during the last quarter. Institutional investors own 22.01% of the company’s stock.
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India Fund Inc (IFN) traded down $0.21 during midday trading on Thursday, hitting $27.67. 51,076 shares of the stock were exchanged, compared to its average volume of 78,503. India Fund Inc has a one year low of $20.39 and a one year high of $28.81.
India Fund Profile
The India Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The Fund’s portfolio of investments includes financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services and energy.
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