Transcend Capital Advisors Expands Investment in The India Fund, Inc.

Transcend Capital Advisors LLC has increased its stake in The India Fund, Inc. (NYSE:IFN) by 25.7% during the fourth quarter, as reported in its latest filing with the SEC. After buying an additional 30,000 shares in this period, the fund now holds 146,764 shares of this investment management company. With this acquisition, Transcend Capital Advisors owns approximately 0.47% of The India Fund, which equates to a value of around $2,312,000, according to their most recent disclosures.

A number of other institutional investors have also made adjustments to their positions in The India Fund. Landscape Capital Management L.L.C. raised its holdings by 25.3% during the third quarter, bringing its total to 715,745 shares valued at $13,613,000 after purchasing an additional 144,609 shares. Similarly, Raymond James & Associates boosted its stake by 15.0%, now owning 401,391 shares worth $7,634,000 after acquiring an extra 52,291 shares. Furthermore, Penserra Capital Management LLC and Rivernorth Capital Management LLC added new stakes valued at approximately $4,794,000 and $3,540,000, respectively. Janney Montgomery Scott LLC also bought into The India Fund during the fourth quarter, investing about $2,722,000. In total, institutional investors and hedge funds own 10.76% of the shares of The India Fund.

The India Fund Stock Performance

On the trading day mentioned, shares of NYSE IFN opened at $15.28. The 50-day moving average for the stock is $15.99, while the 200-day moving average stands at $17.36. Over the last year, The India Fund has seen a low of $15.25 and a high of $21.25.

Recent Dividend Announcements

Recently, The India Fund announced a quarterly dividend payment scheduled for Monday, March 31st. Shareholders recorded on Friday, February 21st, will receive a dividend of $0.46 per share. The ex-dividend date is also set for February 21st. This payment reflects an annualized dividend of $1.84, giving the fund a yield of 12.05%.

About The India Fund, Inc.

The India Fund, Inc. is a closed-end equity mutual fund that is managed by Aberdeen Standard Investments (Asia) Limited. The fund focuses on investments in the public equity markets of India, aiming to acquire stocks from small-cap, mid-cap, and large-cap companies. It utilizes both quantitative and fundamental analysis in its investment strategy, applying a bottom-up stock picking and asset allocation approach.

Investing, SEC, Dividends