Shares of The India Fund, Inc. (NYSE:IFN - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.91 and last traded at $16.10, with a volume of 184833 shares. The stock had previously closed at $16.11.
The India Fund Stock Down 0.1 %
The business has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $17.96.
The India Fund Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.72 dividend on an annualized basis and a yield of 23.11%. This is an increase from The India Fund's previous quarterly dividend of $0.49.
Hedge Funds Weigh In On The India Fund
Several hedge funds have recently bought and sold shares of IFN. Planning Capital Management Corp raised its holdings in shares of The India Fund by 21.3% during the 3rd quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company's stock worth $80,000 after buying an additional 733 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in The India Fund by 5.3% during the third quarter. Cassaday & Co Wealth Management LLC now owns 15,409 shares of the investment management company's stock worth $293,000 after acquiring an additional 774 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of The India Fund in the second quarter worth about $37,000. Rathbones Group PLC boosted its stake in shares of The India Fund by 22.6% in the 2nd quarter. Rathbones Group PLC now owns 12,205 shares of the investment management company's stock valued at $218,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of The India Fund during the 3rd quarter valued at approximately $65,000. 10.76% of the stock is owned by institutional investors.
The India Fund Company Profile
(
Get Free Report)
The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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