Wolverine Asset Management LLC Raises Position in India Fund, Inc. $IFN

Wolverine Asset Management LLC grew its holdings in shares of India Fund, Inc. (NYSE:IFN) by 1,663.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,830 shares of the investment management company’s stock after purchasing an additional 55,493 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.19% of India Fund worth $807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of India Fund during the 3rd quarter worth $26,000. TrueMark Investments LLC acquired a new stake in shares of India Fund during the 4th quarter worth $137,000. Baker Ellis Asset Management LLC acquired a new stake in shares of India Fund during the 4th quarter worth $165,000. one8zero8 LLC increased its holdings in shares of India Fund by 5.4% during the 3rd quarter. one8zero8 LLC now owns 13,111 shares of the investment management company’s stock worth $192,000 after buying an additional 676 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of India Fund during the 3rd quarter worth $198,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.

India Fund Stock Performance

IFN stock opened at $12.04 on Thursday. The business has a fifty day simple moving average of $11.97 and a 200-day simple moving average of $13.44. India Fund, Inc. has a 52 week low of $10.84 and a 52 week high of $16.95.

India Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were issued a dividend of $0.906 per share. This represents a $3.62 dividend on an annualized basis and a dividend yield of 30.1%. The ex-dividend date was Friday, February 20th.

India Fund Profile

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.