Morgan Stanley India Investment Fund, Inc. $IIF Shares Sold by Bulldog Investors LLP

Bulldog Investors LLP cut its position in shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) by 22.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 229,537 shares of the company’s stock after selling 68,352 shares during the quarter. Morgan Stanley India Investment Fund makes up 1.4% of Bulldog Investors LLP’s portfolio, making the stock its 18th largest holding. Bulldog Investors LLP’s holdings in Morgan Stanley India Investment Fund were worth $6,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in Morgan Stanley India Investment Fund by 285.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Morgan Stanley India Investment Fund during the 2nd quarter worth about $46,000. Osaic Holdings Inc. boosted its stake in shares of Morgan Stanley India Investment Fund by 203.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after acquiring an additional 1,363 shares in the last quarter. Allworth Financial LP grew its position in shares of Morgan Stanley India Investment Fund by 880.0% during the 2nd quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock valued at $138,000 after acquiring an additional 4,400 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Performance

Shares of Morgan Stanley India Investment Fund stock opened at $21.54 on Friday. Morgan Stanley India Investment Fund, Inc. has a twelve month low of $21.50 and a twelve month high of $28.37. The business has a 50-day moving average price of $23.91 and a 200 day moving average price of $25.72.

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.