Penserra Capital Management LLC Reduces Stake in India Fund, Inc. $IFN

Penserra Capital Management LLC cut its stake in shares of India Fund, Inc. (NYSE:IFN) by 60.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,673 shares of the investment management company’s stock after selling 608,872 shares during the period. Penserra Capital Management LLC’s holdings in India Fund were worth $5,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. one8zero8 LLC boosted its holdings in shares of India Fund by 5.4% in the 3rd quarter. one8zero8 LLC now owns 13,111 shares of the investment management company’s stock worth $192,000 after purchasing an additional 676 shares during the period. Osaic Holdings Inc. lifted its position in India Fund by 4.9% in the second quarter. Osaic Holdings Inc. now owns 30,304 shares of the investment management company’s stock worth $501,000 after buying an additional 1,417 shares during the last quarter. Colonial Trust Advisors purchased a new position in India Fund during the second quarter worth $31,000. Robertson Stephens Wealth Management LLC boosted its stake in India Fund by 8.8% during the second quarter. Robertson Stephens Wealth Management LLC now owns 30,850 shares of the investment management company’s stock worth $510,000 after buying an additional 2,500 shares during the period. Finally, Silverleafe Capital Partners LLC increased its position in India Fund by 16.1% during the third quarter. Silverleafe Capital Partners LLC now owns 19,262 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 2,670 shares during the last quarter. 10.76% of the stock is owned by institutional investors.

India Fund Price Performance

Shares of IFN opened at $13.98 on Friday. The company’s fifty day simple moving average is $13.86 and its 200-day simple moving average is $14.69. India Fund, Inc. has a twelve month low of $13.46 and a twelve month high of $16.95.

India Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be given a $0.906 dividend. This represents a $3.62 dividend on an annualized basis and a yield of 25.9%. The ex-dividend date of this dividend is Friday, February 20th.

About India Fund

The India Fund, Inc (NYSE: IFN) is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.

IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.