Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report)'s share price was up 0.3% during mid-day trading on Monday . The company traded as high as $24.70 and last traded at $24.62. Approximately 202,483 shares changed hands during mid-day trading, an increase of 454% from the average daily volume of 36,526 shares. The stock had previously closed at $24.55.
Morgan Stanley India Investment Fund Stock Performance
The firm's fifty day moving average price is $26.71 and its 200-day moving average price is $27.48.
Morgan Stanley India Investment Fund Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $2.6969 per share. The ex-dividend date was Friday, December 13th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in Morgan Stanley India Investment Fund in the third quarter valued at approximately $224,000. HighTower Advisors LLC bought a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth about $248,000. Bank of Montreal Can grew its stake in shares of Morgan Stanley India Investment Fund by 18.9% in the 2nd quarter. Bank of Montreal Can now owns 29,560 shares of the company's stock valued at $791,000 after buying an additional 4,700 shares during the period. Logan Stone Capital LLC bought a new stake in Morgan Stanley India Investment Fund in the 2nd quarter valued at about $1,115,000. Finally, Stifel Financial Corp raised its stake in Morgan Stanley India Investment Fund by 5.5% during the 3rd quarter. Stifel Financial Corp now owns 65,506 shares of the company's stock worth $1,970,000 after buying an additional 3,411 shares during the period. 36.96% of the stock is owned by institutional investors.
Morgan Stanley India Investment Fund Company Profile
(
Get Free Report)
Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.
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