Shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $22.41 and traded as high as $22.45. Morgan Stanley India Investment Fund shares last traded at $22.4450, with a volume of 19,944 shares changing hands.
Morgan Stanley India Investment Fund Stock Performance
The company has a 50 day simple moving average of $21.92 and a 200 day simple moving average of $22.41.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of IIF. Allworth Financial LP acquired a new position in shares of Morgan Stanley India Investment Fund in the second quarter valued at approximately $91,000. PNC Financial Services Group Inc. raised its stake in shares of Morgan Stanley India Investment Fund by 172.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after purchasing an additional 3,770 shares during the last quarter. Maridea Wealth Management LLC purchased a new stake in shares of Morgan Stanley India Investment Fund during the second quarter worth approximately $276,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 5.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 13,312 shares of the company’s stock worth $286,000 after purchasing an additional 645 shares during the period. Finally, Gould Asset Management LLC CA lifted its holdings in shares of Morgan Stanley India Investment Fund by 25.5% during the first quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock worth $280,000 after purchasing an additional 2,770 shares during the period. 36.96% of the stock is currently owned by hedge funds and other institutional investors.
About Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or deriving a significant portion of their business from, India. The fund provides investors with access to India-focused portfolio exposure through a professionally managed investment vehicle.
The fund generally invests across a range of Indian industries and may hold securities issued by companies of different sizes and sectors.
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