Calamos Advisors LLC Has $586,000 Holdings in The India Fund, Inc. (NYSE:IFN)

Calamos Advisors LLC increased its stake in The India Fund, Inc. (NYSE:IFN) by 92.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,191 shares of the investment management company’s stock after purchasing an additional 17,816 shares during the quarter. Calamos Advisors LLC’s holdings in The India Fund were worth $586,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Matisse Capital acquired a new stake in The India Fund in the fourth quarter valued at $238,000. Absolute Investment Advisers LLC acquired a new stake in The India Fund in the 4th quarter valued at about $770,000. Janney Montgomery Scott LLC acquired a new stake in The India Fund in the 4th quarter valued at about $2,722,000. Pallas Capital Advisors LLC acquired a new stake in The India Fund in the 4th quarter valued at about $268,000. Finally, Rivernorth Capital Management LLC acquired a new stake in The India Fund in the 3rd quarter valued at about $3,540,000. Institutional investors and hedge funds own 10.76% of the company’s stock.

The India Fund Stock Up 0.1 %

IFN opened at $16.14 on Thursday. The India Fund, Inc. has a 12-month low of $15.60 and a 12-month high of $21.25. The business has a 50 day moving average of $16.33 and a 200-day moving average of $17.54.

The India Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 23.05%. This is a boost from The India Fund’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, November 21st.

The India Fund Company Profile

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (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.