The India Fund, Inc. (NYSE:IFN - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.82 and traded as low as $16.06. The India Fund shares last traded at $16.21, with a volume of 115,097 shares traded.
The India Fund Stock Performance
The firm has a 50 day simple moving average of $16.95 and a 200-day simple moving average of $17.82.
The India Fund Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 22.95%. The ex-dividend date is Thursday, November 21st. This is a positive change from The India Fund's previous quarterly dividend of $0.49.
Institutional Investors Weigh In On The India Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. lifted its holdings in The India Fund by 25.3% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 715,745 shares of the investment management company's stock worth $13,613,000 after buying an additional 144,609 shares in the last quarter. Raymond James & Associates increased its position in shares of The India Fund by 15.0% during the third quarter. Raymond James & Associates now owns 401,391 shares of the investment management company's stock worth $7,634,000 after acquiring an additional 52,291 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of The India Fund in the third quarter valued at $4,794,000. Rivernorth Capital Management LLC purchased a new position in The India Fund in the third quarter valued at $3,540,000. Finally, Consolidated Portfolio Review Corp grew its stake in The India Fund by 10.6% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 105,362 shares of the investment management company's stock worth $2,004,000 after purchasing an additional 10,121 shares in the last quarter. 10.76% of the stock is 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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