First Manhattan Co. Has $385,000 Stake in INDIA FUND INC (NYSE:IFN)
First Manhattan Co. held its stake in INDIA FUND INC (NYSE:IFN) during the second quarter, according to its most recent filing with the SEC. The fund owned 14,297 shares of the investment management company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in INDIA FUND INC were worth $385,000 as of its most recent SEC filing.
Separately, Blue Bell Private Wealth Management LLC raised its stake in INDIA FUND INC by 66.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 7,088 shares of the investment management company’s stock valued at $191,000 after buying an additional 2,830 shares during the last quarter. Institutional investors own 23.03% of the company’s stock.
Shares of INDIA FUND INC (IFN) opened at 28.60 on Wednesday. The stock has a 50 day moving average of $27.78 and a 200 day moving average of $25.65. INDIA FUND INC has a 12-month low of $20.39 and a 12-month high of $28.68.
In other INDIA FUND INC news, Director Stephane Henry sold 1,007 shares of INDIA FUND INC stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $27.32, for a total value of $27,511.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
INDIA FUND INC Company Profile
The India Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The Fund’s portfolio of investments includes financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services and energy.
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