The Manufacturers Life Insurance Company Trims Stake in India Fund Inc (IFN)

The Manufacturers Life Insurance Company trimmed its position in shares of India Fund Inc (NYSE:IFN) by 30.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,542 shares of the investment management company’s stock after selling 4,269 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in India Fund were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IFN. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of India Fund by 1,077.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,946 shares of the investment management company’s stock valued at $106,000 after buying an additional 3,611 shares during the last quarter. Doliver Capital Advisors LP acquired a new stake in shares of India Fund during the 2nd quarter valued at about $296,000. Stifel Financial Corp lifted its holdings in India Fund by 1.2% in the 2nd quarter. Stifel Financial Corp now owns 11,361 shares of the investment management company’s stock worth $305,000 after purchasing an additional 133 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in India Fund by 8.3% in the 2nd quarter. CIBC World Markets Inc. now owns 11,467 shares of the investment management company’s stock worth $309,000 after purchasing an additional 875 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC lifted its holdings in India Fund by 17.4% in the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 16,900 shares of the investment management company’s stock worth $456,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 23.34% of the company’s stock.

India Fund Inc (IFN) traded down $0.27 on Thursday, reaching $26.89. The company had a trading volume of 65,100 shares, compared to its average volume of 87,419. India Fund Inc has a 12-month low of $20.39 and a 12-month high of $28.81.

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India Fund 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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Institutional Ownership by Quarter for India Fund (NYSE:IFN)

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