Janney Montgomery Scott LLC Invests $244,000 in The India Fund, Inc. (IFN)

Janney Montgomery Scott LLC bought a new position in shares of The India Fund, Inc. (NYSE:IFN) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,021 shares of the investment management company’s stock, valued at approximately $244,000.

Several other large investors have also recently modified their holdings of IFN. City of London Investment Management Co. Ltd. lifted its position in The India Fund by 13.0% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 1,942,536 shares of the investment management company’s stock worth $47,194,000 after acquiring an additional 224,039 shares in the last quarter. Wells Fargo & Company MN lifted its position in The India Fund by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,447,429 shares of the investment management company’s stock worth $32,031,000 after acquiring an additional 60,068 shares in the last quarter. Strs Ohio lifted its position in The India Fund by 37.2% during the 3rd quarter. Strs Ohio now owns 95,781 shares of the investment management company’s stock worth $2,119,000 after acquiring an additional 25,981 shares in the last quarter. Millennium Management LLC lifted its position in The India Fund by 56.6% during the 1st quarter. Millennium Management LLC now owns 21,842 shares of the investment management company’s stock worth $538,000 after acquiring an additional 7,894 shares in the last quarter. Finally, James Investment Research Inc. lifted its position in The India Fund by 46.6% during the 3rd quarter. James Investment Research Inc. now owns 24,054 shares of the investment management company’s stock worth $532,000 after acquiring an additional 7,650 shares in the last quarter. Institutional investors and hedge funds own 22.36% of the company’s stock.

The India Fund stock opened at $22.36 on Thursday. The India Fund, Inc. has a one year low of $19.66 and a one year high of $28.74.

ILLEGAL ACTIVITY WARNING: “Janney Montgomery Scott LLC Invests $244,000 in The India Fund, Inc. (IFN)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/12/06/janney-montgomery-scott-llc-invests-244000-in-the-india-fund-inc-ifn.html.

About The India Fund

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Asset Management Asia Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.

See Also: Understanding Price to Earnings Ratio (PE)

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

Receive News & Ratings for The India Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The India Fund and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply