Altium Capital Management LLC Purchases 49,821 Shares of Morgan Stanley India Investment Fund, Inc. $IIF

Altium Capital Management LLC boosted its position in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) by 170.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 79,031 shares of the company’s stock after buying an additional 49,821 shares during the period. Morgan Stanley India Investment Fund comprises about 3.9% of Altium Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Altium Capital Management LLC’s holdings in Morgan Stanley India Investment Fund were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. grew its stake in shares of Morgan Stanley India Investment Fund by 366.1% in the third quarter. City of London Investment Management Co. Ltd. now owns 482,174 shares of the company’s stock valued at $12,705,000 after acquiring an additional 378,732 shares in the last quarter. Pursuit Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund during the fourth quarter worth about $717,000. SeaCrest Wealth Management LLC raised its stake in Morgan Stanley India Investment Fund by 11.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,700 shares of the company’s stock worth $218,000 after purchasing an additional 900 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Morgan Stanley India Investment Fund in the 4th quarter worth about $284,000. Finally, Evolve Private Wealth LLC bought a new stake in Morgan Stanley India Investment Fund in the 4th quarter valued at about $247,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley India Investment Fund Stock Performance

Shares of NYSE:IIF traded up $0.21 on Friday, reaching $22.98. 44,171 shares of the company’s stock were exchanged, compared to its average volume of 23,474. The company has a fifty day moving average of $22.05 and a 200-day moving average of $22.80. Morgan Stanley India Investment Fund, Inc. has a twelve month low of $19.83 and a twelve month high of $27.99.

Morgan Stanley India Investment Fund Profile

Morgan Stanley India Investment Fund (NYSE:IIF) is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.

The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.