Morgan Stanley India Investment Fund (NYSE:IIF) Stock Jumps 0.1% – Here’s What Happened

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) shares traded up 0.1% on Tuesday. The stock traded as high as $21.95 and last traded at $21.7580. Approximately 2,857 shares changed hands during trading, a decline of 84% from the average session volume of 17,872 shares. The stock had previously closed at $21.74.

Morgan Stanley India Investment Fund Price Performance

The firm’s 50-day moving average is $21.92 and its 200-day moving average is $22.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IIF. Blue Bell Private Wealth Management LLC raised its holdings in shares of Morgan Stanley India Investment Fund by 5.1% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 13,312 shares of the company’s stock worth $286,000 after acquiring an additional 645 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Morgan Stanley India Investment Fund by 4.4% during the first quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock worth $735,000 after buying an additional 1,520 shares during the period. Calamos Advisors LLC raised its holdings in shares of Morgan Stanley India Investment Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock worth $334,000 after purchasing an additional 1,930 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of Morgan Stanley India Investment Fund by 25.5% in the first quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock worth $280,000 after acquiring an additional 2,770 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Morgan Stanley India Investment Fund by 172.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after buying an additional 3,770 shares in the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or deriving a significant portion of their business from, India. The fund provides investors with access to India-focused portfolio exposure through a professionally managed investment vehicle.

The fund generally invests across a range of Indian industries and may hold securities issued by companies of different sizes and sectors.