Lazard Asset Management LLC lessened its stake in INDIA FUND INC (NYSE:IFN) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,656,495 shares of the investment management company’s stock after selling 404,064 shares during the quarter. Lazard Asset Management LLC owned approximately 9.35% of INDIA FUND INC worth $71,619,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its holdings 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 purchasing an additional 2,830 shares in the last quarter. Deschutes Portfolio Strategy LLC lifted its holdings in INDIA FUND INC by 17.4% during the second quarter. Deschutes Portfolio Strategy LLC now owns 16,900 shares of the investment management company’s stock worth $456,000 after acquiring an additional 2,500 shares during the period. Gramercy Funds Management LLC lifted its holdings in INDIA FUND INC by 100.2% during the second quarter. Gramercy Funds Management LLC now owns 20,824 shares of the investment management company’s stock worth $561,000 after acquiring an additional 10,424 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in INDIA FUND INC by 1,077.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,946 shares of the investment management company’s stock worth $106,000 after acquiring an additional 3,611 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in INDIA FUND INC by 0.5% during the second quarter. Wells Fargo & Company MN now owns 892,812 shares of the investment management company’s stock worth $24,070,000 after acquiring an additional 4,422 shares during the period. Institutional investors own 20.35% of the company’s stock.

Shares of INDIA FUND INC (NYSE:IFN) traded down 0.018% during mid-day trading on Tuesday, reaching $28.245. The company had a trading volume of 10,824 shares. INDIA FUND INC has a one year low of $20.39 and a one year high of $28.81. The company has a 50 day moving average price of $27.87 and a 200 day moving average price of $26.82.

The firm also recently announced a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.3293 per share. The ex-dividend date of this dividend is Thursday, September 21st.

In other INDIA FUND INC news, Director Stephane Henry sold 1,007 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $27.32, for a total transaction of $27,511.24. The sale was disclosed in a filing with the SEC, which is available through this link.

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About INDIA FUND INC

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.

Institutional Ownership by Quarter for INDIA FUND INC (NYSE:IFN)

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