India Fund, Inc. (NYSE:IFN - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.69 and traded as low as $11.96. India Fund shares last traded at $12.1550, with a volume of 125,528 shares.
India Fund Price Performance
The company's 50-day simple moving average is $12.42 and its 200-day simple moving average is $13.69.
India Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were given a dividend of $0.906 per share. This represents a $3.62 dividend on an annualized basis and a dividend yield of 29.8%. The ex-dividend date of this dividend was Friday, February 20th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. City of London Investment Management Co. Ltd. bought a new position in shares of India Fund during the third quarter worth about $12,167,000. Cetera Investment Advisers raised its stake in India Fund by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 563,066 shares of the investment management company's stock valued at $7,720,000 after buying an additional 24,464 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in India Fund by 1.4% during the 3rd quarter. Raymond James Financial Inc. now owns 525,157 shares of the investment management company's stock worth $7,694,000 after buying an additional 7,461 shares during the last quarter. UBS Group AG grew its position in shares of India Fund by 4.2% in the 3rd quarter. UBS Group AG now owns 247,317 shares of the investment management company's stock worth $3,623,000 after acquiring an additional 10,013 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of India Fund by 2.3% in the 4th quarter. Lazard Asset Management LLC now owns 221,669 shares of the investment management company's stock valued at $3,039,000 after acquiring an additional 4,904 shares during the last quarter. Hedge funds and other institutional investors own 10.76% of the company's stock.
About India Fund
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider India Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and India Fund wasn't on the list.
While India Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
