City of London Investment Management Co. Ltd. Acquires 378,732 Shares of Morgan Stanley India Investment Fund, Inc. $IIF

City of London Investment Management Co. Ltd. increased its holdings in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) by 366.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 482,174 shares of the company’s stock after purchasing an additional 378,732 shares during the period. Morgan Stanley India Investment Fund makes up about 0.9% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 25th biggest holding. City of London Investment Management Co. Ltd. owned approximately 5.04% of Morgan Stanley India Investment Fund worth $12,705,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IIF. Lazard Asset Management LLC lifted its stake in shares of Morgan Stanley India Investment Fund by 12.5% in the 3rd quarter. Lazard Asset Management LLC now owns 770,263 shares of the company’s stock valued at $20,296,000 after acquiring an additional 85,835 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $208,000. UBS Group AG increased its stake in Morgan Stanley India Investment Fund by 3.9% in the 3rd quarter. UBS Group AG now owns 164,089 shares of the company’s stock worth $4,324,000 after purchasing an additional 6,117 shares during the period. Maridea Wealth Management LLC increased its stake in Morgan Stanley India Investment Fund by 13.4% in the 3rd quarter. Maridea Wealth Management LLC now owns 10,561 shares of the company’s stock worth $290,000 after purchasing an additional 1,247 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Morgan Stanley India Investment Fund by 2.3% in the third quarter. Evergreen Capital Management LLC now owns 114,771 shares of the company’s stock valued at $3,024,000 after purchasing an additional 2,618 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Price Performance

NYSE:IIF opened at $21.54 on Friday. Morgan Stanley India Investment Fund, Inc. has a fifty-two week low of $21.50 and a fifty-two week 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 Company 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.