The India Fund, Inc. (NYSE:IFN - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.43 and traded as low as $14.54. The India Fund shares last traded at $14.72, with a volume of 118,421 shares changing hands.
The India Fund Price Performance
The stock's 50-day moving average price is $15.13 and its 200 day moving average price is $16.39.
The India Fund Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 21st were given a dividend of $0.46 per share. The ex-dividend date was Friday, February 21st. This represents a $1.84 annualized dividend and a dividend yield of 12.01%.
Institutional Trading of The India Fund
A number of hedge funds have recently modified their holdings of the company. Robertson Stephens Wealth Management LLC lifted its position in The India Fund by 8.8% in the first quarter. Robertson Stephens Wealth Management LLC now owns 28,350 shares of the investment management company's stock worth $447,000 after purchasing an additional 2,300 shares during the period. Janney Montgomery Scott LLC increased its stake in The India Fund by 8.0% in the first quarter. Janney Montgomery Scott LLC now owns 186,602 shares of the investment management company's stock valued at $2,943,000 after acquiring an additional 13,747 shares during the period. Farther Finance Advisors LLC lifted its stake in The India Fund by 19.7% during the first quarter. Farther Finance Advisors LLC now owns 4,660 shares of the investment management company's stock worth $73,000 after purchasing an additional 768 shares during the period. Pettinga Financial Advisors LLC acquired a new stake in The India Fund during the fourth quarter valued at approximately $418,000. Finally, Elequin Capital LP acquired a new position in shares of The India Fund in the 4th quarter worth approximately $143,000. Institutional investors own 10.76% of the company's stock.
About The India Fund
(
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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