India Fund (NYSE:IFN) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of India Fund, Inc. (NYSE:IFN) 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

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.