The India Fund, Inc. (NYSE:IFN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.89 and traded as low as $15.70. The India Fund shares last traded at $15.75, with a volume of 368,681 shares trading hands.
The India Fund Stock Up 0.3 %
The business's 50 day simple moving average is $17.11 and its 200 day simple moving average is $17.88.
The India Fund Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be issued a $0.93 dividend. This is an increase from The India Fund's previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 21st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 23.62%.
Institutional Investors Weigh In On The India Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IFN. International Assets Investment Management LLC purchased a new position in shares of The India Fund in the 2nd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in The India Fund during the third quarter worth $65,000. Planning Capital Management Corp increased its position in The India Fund by 21.3% during the third quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company's stock valued at $80,000 after acquiring an additional 733 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of The India Fund in the third quarter valued at $191,000. Finally, Rathbones Group PLC lifted its holdings 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 worth $218,000 after acquiring an additional 2,246 shares during the last quarter. 10.76% of the stock is currently owned by hedge funds and other 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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