India Fund (NYSE:IFN) Shares Cross Below 200 Day Moving Average – Should You Sell?

India Fund, Inc. (NYSE:IFN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.80 and traded as low as $11.50. India Fund shares last traded at $11.5350, with a volume of 347,187 shares changing hands.

India Fund Price Performance

The stock has a fifty day moving average price of $12.66 and a 200-day moving average price of $13.80.

India Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were issued a $0.906 dividend. The ex-dividend date was Friday, February 20th. This represents a $3.62 dividend on an annualized basis and a dividend yield of 31.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of India Fund in the 3rd quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in shares of India Fund in the 4th quarter worth $34,000. Wolverine Asset Management LLC acquired a new stake in shares of India Fund in the 3rd quarter worth $49,000. TrueMark Investments LLC acquired a new stake in shares of India Fund in the 4th quarter worth $137,000. Finally, Baker Ellis Asset Management LLC acquired a new stake in shares of India Fund in the 4th quarter worth $165,000. 10.76% of the stock is currently owned by hedge funds and other institutional investors.

India Fund Company Profile

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.