India Fund (NYSE:IFN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

India Fund, Inc. (NYSE:IFNGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.22 and traded as low as $11.42. India Fund shares last traded at $11.5350, with a volume of 141,199 shares traded.

India Fund Stock Performance

The stock’s 50-day moving average is $11.73 and its two-hundred day moving average is $13.22.

India Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.56 annualized dividend and a yield of 13.5%.

Hedge Funds Weigh In On India Fund

Several institutional investors have recently bought and sold shares of the business. one8zero8 LLC lifted its position in India Fund by 5.4% during the third quarter. one8zero8 LLC now owns 13,111 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 676 shares during the last quarter. Osaic Holdings Inc. lifted its position in India Fund by 4.9% during the second quarter. Osaic Holdings Inc. now owns 30,304 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 1,417 shares during the last quarter. Advisory Services Network LLC bought a new position in India Fund during the third quarter valued at $26,000. NewEdge Advisors LLC lifted its position in India Fund by 11.7% during 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, Consolidated Portfolio Review Corp lifted its position in India Fund by 2.1% during the third quarter. Consolidated Portfolio Review Corp now owns 121,534 shares of the investment management company’s stock valued at $1,780,000 after purchasing an additional 2,445 shares during the last quarter. Institutional investors own 10.76% of the company’s stock.

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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