D.A. Davidson & CO. increased its position in The India Fund, Inc. (NYSE:IFN) by 31.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,170 shares of the investment management company’s stock after acquiring an additional 3,162 shares during the period. D.A. Davidson & CO.’s holdings in The India Fund were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of IFN. City of London Investment Management Co. Ltd. raised its stake in 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 worth $47,194,000 after acquiring an additional 224,039 shares during the last quarter. Wells Fargo & Company MN raised its stake in 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 worth $32,031,000 after acquiring an additional 60,068 shares during the last quarter. Strs Ohio raised its stake in The India Fund by 37.2% in the 3rd quarter. Strs Ohio now owns 95,781 shares of the investment management company’s stock worth $2,119,000 after acquiring an additional 25,981 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in The India Fund in the 3rd quarter worth $244,000. Finally, CIBC World Markets Inc. raised its stake in The India Fund by 88.5% in the 3rd quarter. CIBC World Markets Inc. now owns 20,660 shares of the investment management company’s stock worth $457,000 after acquiring an additional 9,700 shares during the last quarter. Institutional investors own 22.36% of the company’s stock.

Shares of IFN stock opened at $22.17 on Friday. The India Fund, Inc. has a 1 year low of $19.66 and a 1 year high of $28.74.

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About The India Fund

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.

Read More: Hedge Funds – Risk or Reward?

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

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