HighTower Advisors LLC Invests $248,000 in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF)

HighTower Advisors LLC purchased a new stake in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 8,230 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Logan Stone Capital LLC acquired a new stake in Morgan Stanley India Investment Fund during the 2nd quarter worth approximately $1,115,000. Bank of Montreal Can raised its stake in shares of Morgan Stanley India Investment Fund by 18.9% during the second quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock worth $791,000 after purchasing an additional 4,700 shares during the last quarter. Almitas Capital LLC raised its stake in shares of Morgan Stanley India Investment Fund by 2.3% during the second quarter. Almitas Capital LLC now owns 114,751 shares of the company’s stock worth $3,070,000 after purchasing an additional 2,560 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 526,548 shares of the company’s stock worth $14,085,000 after purchasing an additional 2,000 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its position in Morgan Stanley India Investment Fund by 23.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,283 shares of the company’s stock valued at $195,000 after buying an additional 1,377 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Price Performance

NYSE IIF opened at $25.69 on Wednesday. Morgan Stanley India Investment Fund, Inc. has a 52-week low of $21.35 and a 52-week high of $30.41. The firm has a 50-day moving average price of $27.79 and a 200 day moving average price of $27.59.

Morgan Stanley India Investment Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $2.6969 per share. The ex-dividend date is Friday, December 13th.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.