India Fund Inc (NYSE:IFN) Position Raised by Royal Bank of Canada

Royal Bank of Canada raised its position in India Fund Inc (NYSE:IFN) by 19.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,502 shares of the investment management company’s stock after acquiring an additional 8,001 shares during the period. Royal Bank of Canada owned approximately 0.17% of India Fund worth $1,335,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of India Fund by 1.2% in the second quarter. Stifel Financial Corp now owns 11,361 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 133 shares during the period. CIBC World Markets Inc. increased its holdings in India Fund by 8.3% during the 2nd quarter. CIBC World Markets Inc. now owns 11,467 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 875 shares in the last quarter. Deschutes Portfolio Strategy LLC increased its holdings in India Fund by 17.4% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 16,900 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 2,500 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in India Fund by 66.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,088 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 2,830 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in 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 acquiring an additional 3,611 shares in the last quarter. Institutional investors own 22.61% of the company’s stock.

Shares of India Fund Inc (NYSE:IFN) traded up $0.05 during midday trading on Friday, hitting $27.29. 88,748 shares of the stock were exchanged, compared to its average volume of 87,674. India Fund Inc has a 1-year low of $20.39 and a 1-year 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.

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

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