The India Fund (NYSE:IFN) Share Price Crosses Below 200-Day Moving Average of $18.64

The India Fund, Inc. (NYSE:IFN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.64 and traded as low as $18.03. The India Fund shares last traded at $18.05, with a volume of 162,702 shares.

The India Fund Stock Performance

The firm has a 50 day moving average price of $19.55 and a 200-day moving average price of $18.64.

The India Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.53%. The ex-dividend date was Wednesday, February 21st. This is an increase from The India Fund’s previous quarterly dividend of $0.41.

Institutional Trading of The India Fund

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI boosted its stake in shares of The India Fund by 233.3% during the 4th quarter. National Bank of Canada FI now owns 2,000 shares of the investment management company’s stock worth $37,000 after acquiring an additional 1,400 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in The India Fund during the 3rd quarter valued at approximately $212,000. Western Wealth Management LLC bought a new stake in The India Fund during the 4th quarter valued at approximately $215,000. Focus Financial Network Inc. ADV bought a new stake in The India Fund during the 4th quarter valued at approximately $238,000. Finally, American Institute for Advanced Investment Management LLP bought a new stake in The India Fund during the 4th quarter valued at approximately $245,000. Institutional investors own 10.76% of the company’s stock.

About The India Fund

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.