Nkcfo LLC boosted its stake in shares of Independence Holding (NYSE:IHC) by 37.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,350 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Nkcfo LLC’s holdings in Independence were worth $259,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Independence by 4,890.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,497 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,467 shares during the period. Bank of America Corp DE boosted its stake in shares of Independence by 29.0% in the fourth quarter. Bank of America Corp DE now owns 3,973 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 892 shares during the period. Rhumbline Advisers boosted its stake in shares of Independence by 5.1% in the fourth quarter. Rhumbline Advisers now owns 7,021 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 343 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Independence by 30.1% in the third quarter. Wells Fargo & Company MN now owns 18,851 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 4,360 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Independence by 35.1% in the fourth quarter. Bank of New York Mellon Corp now owns 32,438 shares of the financial services provider’s stock valued at $1,141,000 after purchasing an additional 8,427 shares during the period. 18.41% of the stock is owned by institutional investors.

Shares of NYSE IHC traded up $0.03 during midday trading on Thursday, hitting $36.50. The company’s stock had a trading volume of 12,755 shares, compared to its average volume of 6,108. Independence Holding has a 1 year low of $32.80 and a 1 year high of $41.04. The firm has a market cap of $538.45 million, a price-to-earnings ratio of 19.24 and a beta of 0.23.

The company also recently announced a semiannual dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a $0.20 dividend. This is a boost from Independence’s previous semiannual dividend of $0.15. The ex-dividend date is Thursday, June 20th. This represents a yield of 1.01%.

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Independence Company Profile

Independence Holding Company, through its subsidiaries, engages in life and health insurance business. The company's dental portfolio includes indemnity and PPO plans for employer groups of two or more lives, and for individuals within affinity groups; vision plans that offer a flat reimbursement amount for exams and materials; and short-term medical products for people with temporary needs for health coverage.

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Institutional Ownership by Quarter for Independence (NYSE:IHC)

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