CIBC World Markets Inc. trimmed its position in The India Fund, Inc. (NYSE:IFN) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,675 shares of the investment management company’s stock after selling 3,529 shares during the quarter. CIBC World Markets Inc.’s holdings in The India Fund were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in The India Fund by 1.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,683 shares of the investment management company’s stock worth $288,000 after purchasing an additional 125 shares during the period. Stifel Financial Corp increased its position in The India Fund by 1.2% in the second 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 period. Commonwealth Equity Services Inc increased its position in The India Fund by 34.1% in the third quarter. Commonwealth Equity Services Inc now owns 28,346 shares of the investment management company’s stock worth $759,000 after purchasing an additional 7,203 shares during the period. Royal Bank of Canada increased its position in The India Fund by 19.3% in the second quarter. Royal Bank of Canada now owns 49,502 shares of the investment management company’s stock worth $1,335,000 after purchasing an additional 8,001 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in The India Fund in the second quarter worth about $241,000. Hedge funds and other institutional investors own 22.54% of the company’s stock.

Shares of The India Fund, Inc. (NYSE IFN) opened at $25.60 on Monday. The India Fund, Inc. has a 12-month low of $22.88 and a 12-month high of $28.81.

COPYRIGHT VIOLATION WARNING: “CIBC World Markets Inc. Lowers Position in The India Fund, Inc. (IFN)” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://theolympiareport.com/2018/02/12/cibc-world-markets-inc-lowers-position-in-the-india-fund-inc-ifn.html.

The India Fund Company 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.

Want to see what other hedge funds are holding IFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The India Fund, Inc. (NYSE:IFN).

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.