Atria Wealth Solutions Inc. Purchases 35,836 Shares of The India Fund, Inc. (NYSE:IFN)

Atria Wealth Solutions Inc. increased its position in shares of The India Fund, Inc. (NYSE:IFN) by 16.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,216 shares of the investment management company’s stock after acquiring an additional 35,836 shares during the period. Atria Wealth Solutions Inc.’s holdings in The India Fund were worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Koshinski Asset Management Inc. grew its position in The India Fund by 104.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 44,315 shares of the investment management company’s stock worth $811,000 after acquiring an additional 22,687 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of The India Fund by 65.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 28,636 shares of the investment management company’s stock valued at $499,000 after buying an additional 11,311 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of The India Fund in the 4th quarter valued at about $669,000. Schnieders Capital Management LLC grew its position in shares of The India Fund by 27.7% in the 3rd quarter. Schnieders Capital Management LLC now owns 24,059 shares of the investment management company’s stock valued at $419,000 after buying an additional 5,220 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of The India Fund by 17.0% in the 3rd quarter. Raymond James & Associates now owns 20,512 shares of the investment management company’s stock valued at $357,000 after buying an additional 2,978 shares during the last quarter. Institutional investors own 10.76% of the company’s stock.

The India Fund Trading Up 1.9 %

NYSE IFN opened at $18.28 on Friday. The business’s 50-day moving average price is $19.86 and its two-hundred day moving average price is $18.57. The India Fund, Inc. has a 12 month low of $15.12 and a 12 month high of $21.25.

The India Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.41%. This is an increase from The India Fund’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, 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.