CIBC World Markets Inc. grew its holdings in The India Fund, Inc. (NYSE:IFN) by 88.5% during the 3rd quarter, Holdings Channel reports. The firm owned 20,660 shares of the investment management company’s stock after buying an additional 9,700 shares during the period. CIBC World Markets Inc.’s holdings in The India Fund were worth $457,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of The India Fund in the 3rd quarter valued at $244,000. Wells Fargo & Company MN lifted its stake in shares of The India Fund by 4.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,447,429 shares of the investment management company’s stock valued at $32,031,000 after purchasing an additional 60,068 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of The India Fund by 46.6% in the 3rd quarter. James Investment Research Inc. now owns 24,054 shares of the investment management company’s stock valued at $532,000 after purchasing an additional 7,650 shares during the last quarter. Strs Ohio lifted its stake in shares of The India Fund by 37.2% in the 3rd quarter. Strs Ohio now owns 95,781 shares of the investment management company’s stock valued at $2,119,000 after purchasing an additional 25,981 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of The India Fund by 13.0% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 1,942,536 shares of the investment management company’s stock valued at $47,194,000 after purchasing an additional 224,039 shares during the last quarter. 22.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of The India Fund stock opened at $21.62 on Friday. The India Fund, Inc. has a 52 week low of $19.66 and a 52 week high of $28.74.

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The India Fund Company Profile

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Asset Management 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.

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Institutional Ownership by Quarter for The India Fund (NYSE:IFN)

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