The India Fund, Inc. (NYSE:IFN - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.68 and traded as low as $15.90. The India Fund shares last traded at $16.05, with a volume of 186,771 shares changing hands.
The India Fund Trading Down 1.1 %
The firm's fifty day moving average price is $16.60 and its two-hundred day moving average price is $17.68.
The India Fund Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 21st were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 23.47%. This is a positive change from The India Fund's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, November 21st.
Institutional Trading of The India Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. raised its position in The India Fund by 25.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 715,745 shares of the investment management company's stock valued at $13,613,000 after buying an additional 144,609 shares during the last quarter. Raymond James & Associates raised its holdings in shares of The India Fund by 15.0% in the third quarter. Raymond James & Associates now owns 401,391 shares of the investment management company's stock valued at $7,634,000 after purchasing an additional 52,291 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of The India Fund during the third quarter valued at about $4,794,000. Rivernorth Capital Management LLC purchased a new position in The India Fund during the third quarter worth about $3,540,000. Finally, Janney Montgomery Scott LLC bought a new stake in The India Fund in the 4th quarter worth about $2,722,000. 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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