Shares of The India Fund, Inc. (NYSE:IFN - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.12 and traded as low as $17.78. The India Fund shares last traded at $17.85, with a volume of 177,714 shares trading hands.
The India Fund Price Performance
The business's 50-day moving average is $18.34 and its two-hundred day moving average is $18.12.
Institutional Investors Weigh In On The India Fund
Several large investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of The India Fund in the 2nd quarter valued at $619,000. International Assets Investment Management LLC grew its stake in The India Fund by 1,850.8% in the third quarter. International Assets Investment Management LLC now owns 40,811 shares of the investment management company's stock valued at $7,760,000 after acquiring an additional 38,719 shares during the period. Sea Otter Advisors LLC bought a new stake in shares of The India Fund in the second quarter worth about $1,179,000. Raymond James & Associates increased its holdings in shares of The India Fund by 168.3% in the second quarter. Raymond James & Associates now owns 349,100 shares of the investment management company's stock worth $6,235,000 after acquiring an additional 218,980 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of The India Fund during the second quarter worth about $846,000. Institutional investors own 10.76% of the company's stock.
The India Fund Company Profile
(
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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.
Further Reading
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