Shares of India Fund, Inc. (NYSE:IFN - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.59 and traded as low as $11.99. India Fund shares last traded at $12.0260, with a volume of 69,239 shares changing hands.
India Fund Price Performance
The firm's 50-day moving average price is $12.19 and its 200 day moving average price is $13.59.
India Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were given a $0.906 dividend. The ex-dividend date was Friday, February 20th. This represents a $3.62 annualized dividend and a dividend yield of 30.1%.
Institutional Trading of India Fund
Several large investors have recently modified their holdings of the business. Decision Investments Inc. acquired a new stake in shares of India Fund in the first quarter valued at approximately $178,000. Virtu Financial LLC acquired a new stake in shares of India Fund in the fourth quarter valued at approximately $229,000. EP Wealth Advisors LLC acquired a new stake in shares of India Fund in the fourth quarter valued at approximately $809,000. NewEdge Advisors LLC grew its position in shares of India Fund by 11.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,543 shares of the investment management company's stock valued at $254,000 after purchasing an additional 1,939 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of India Fund in the fourth quarter valued at approximately $666,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.
India Fund Company Profile
(
Get Free Report)
The India Fund, Inc NYSE: IFN is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.
IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.
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