The India Fund, Inc. (NYSE:IFN) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its holdings in shares of The India Fund, Inc. (NYSE:IFN) by 25.3% during the third quarter, HoldingsChannel reports. The fund owned 715,745 shares of the investment management company’s stock after purchasing an additional 144,609 shares during the quarter. The India Fund comprises 1.4% of Landscape Capital Management L.L.C.’s holdings, making the stock its 4th largest position. Landscape Capital Management L.L.C.’s holdings in The India Fund were worth $13,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFN. International Assets Investment Management LLC lifted its stake in shares of The India Fund by 1,850.8% in the 3rd quarter. International Assets Investment Management LLC now owns 40,811 shares of the investment management company’s stock valued at $7,760,000 after purchasing an additional 38,719 shares during the period. Quarry LP purchased a new stake in shares of The India Fund during the 2nd quarter valued at $619,000. Concurrent Investment Advisors LLC purchased a new position in The India Fund in the third quarter valued at about $881,000. Sea Otter Advisors LLC bought a new position in The India Fund during the second quarter valued at $1,179,000. Finally, Raymond James & Associates raised its stake in The India Fund by 168.3% in the 2nd quarter. Raymond James & Associates now owns 349,100 shares of the investment management company’s stock valued at $6,235,000 after acquiring an additional 218,980 shares during the period. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Price Performance

Shares of IFN stock opened at $17.77 on Thursday. The India Fund, Inc. has a 1 year low of $16.62 and a 1 year high of $21.25. The company’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $18.08.

The India Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 20.93%. This is an increase from The India Fund’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 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.