Montgomery Investment Management Inc. Continues to Hold Stake in INDIA FUND INC (IFN)
Montgomery Investment Management Inc. maintained its position in shares of INDIA FUND INC (NYSE:IFN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,900 shares of the investment management company’s stock at the end of the second quarter. Montgomery Investment Management Inc.’s holdings in INDIA FUND INC were worth $240,000 at the end of the most recent reporting period.
Separately, Blue Bell Private Wealth Management LLC boosted its position in shares of 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 in the last quarter. 23.03% of the stock is currently owned by hedge funds and other institutional investors.
INDIA FUND INC (NYSE:IFN) opened at 27.96 on Thursday. INDIA FUND INC has a 12 month low of $20.39 and a 12 month high of $28.81. The firm has a 50-day moving average of $27.99 and a 200 day moving average of $25.88.
In other news, Director Stephane Henry sold 1,007 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $27.32, for a total value of $27,511.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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