12,600 Shares in The India Fund, Inc. (NYSE:IFN) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired 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 SEC. The institutional investor acquired 12,600 shares of the investment management company’s stock, valued at approximately $198,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFN. Rivernorth Capital Management LLC acquired a new stake in shares of The India Fund during the third quarter valued at about $3,540,000. Janney Montgomery Scott LLC acquired a new position in The India Fund in the fourth quarter valued at approximately $2,722,000. Transcend Capital Advisors LLC lifted its position in The India Fund by 25.7% in the fourth quarter. Transcend Capital Advisors LLC now owns 146,764 shares of the investment management company’s stock valued at $2,312,000 after acquiring an additional 30,000 shares during the last quarter. Wolverine Asset Management LLC increased its position in The India Fund by 188.4% during the fourth quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company’s stock worth $1,721,000 after buying an additional 71,390 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in The India Fund during the 3rd quarter worth $1,264,000. Institutional investors and hedge funds own 10.76% of the company’s stock.

The India Fund Price Performance

The India Fund stock opened at $15.76 on Friday. The India Fund, Inc. has a twelve month low of $14.17 and a twelve month high of $20.83. The stock has a 50 day moving average of $15.49 and a two-hundred day moving average of $16.81.

The India Fund Cuts Dividend

The firm also recently announced 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 annualized dividend and a yield of 11.68%. The ex-dividend date is Friday, February 21st.

About The India Fund

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.