Blue Bell Private Wealth Management buys $186,873 stake in The India Fund (IFN)

The India Fund (IFN) : Blue Bell Private Wealth Management scooped up 2,200 additional shares in The India Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 7,578 shares of The India Fund which is valued at $186,873.The India Fund makes up approximately 0.11% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in IFN by selling 2,094 shares or 62.17% in the most recent quarter. The Hedge Fund company now holds 1,274 shares of IFN which is valued at $31,238.North Star Investment Management Corp. boosted its stake in IFN in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 655 shares of The India Fund which is valued at $16,310.Creative Planning reduced its stake in IFN by selling 2,126 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 10,090 shares of IFN which is valued at $251,241.Cutler Group Lp boosted its stake in IFN in the latest quarter, The investment management firm added 4,700 additional shares and now holds a total of 7,879 shares of The India Fund which is valued at $196,975. The India Fund makes up approx 0.01% of Cutler Group Lp’s portfolio.

The India Fund opened for trading at $24.69 and hit $24.69 on the upside on Friday, eventually ending the session at $24.66, with a gain of 0.57% or 0.14 points. The heightened volatility saw the trading volume jump to 67,073 shares. Company has a market cap of $712 M.

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 include financials consumer staples information technology materials consumer discretionary health care industrials utilities telecommunication services and others. The Fund’s investment manager is Aberdeen Asset Management Asia Limited (AAMAL) which is a wholly owned subsidiary of Aberdeen Asset Management PLC (Aberdeen). Aberdeen Asset Management Inc. (AAMI) an affiliate of AAMAL serves as the Fund’s administrator.

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