India Fund, Inc. (NYSE:IFN - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.73 and traded as low as $15.39. India Fund shares last traded at $15.54, with a volume of 160,662 shares trading hands.
India Fund Trading Up 1.1%
The firm has a fifty day moving average price of $15.97 and a 200 day moving average price of $15.73.
India Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.0%. This is a positive change from India Fund's previous quarterly dividend of $0.41.
Institutional Trading of India Fund
Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in India Fund in the fourth quarter valued at about $7,484,000. Walleye Capital LLC bought a new stake in India Fund in the fourth quarter valued at approximately $392,000. 1607 Capital Partners LLC acquired a new stake in India Fund during the 4th quarter worth approximately $315,000. Beacon Pointe Advisors LLC lifted its holdings in India Fund by 39.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 20,410 shares of the investment management company's stock worth $321,000 after purchasing an additional 5,733 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in India Fund during the 4th quarter worth $667,000. Institutional investors and hedge funds own 10.76% of the company's stock.
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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