PI Global Investments
Hedge Funds

The India Fund (NYSE:IFN) Share Price Crosses Above Fifty Day Moving Average of $16.67


The India Fund, Inc. (NYSE:IFNGet Rating) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.67 and traded as high as $16.70. The India Fund shares last traded at $16.58, with a volume of 68,515 shares trading hands.

The India Fund Trading Down 0.9 %

The business has a 50 day simple moving average of $16.67 and a two-hundred day simple moving average of $18.51.

The India Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, May 20th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, May 19th. This represents a $2.12 dividend on an annualized basis and a yield of 12.79%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of The India Fund by 3.2% in the 1st quarter. Raymond James & Associates now owns 24,022 shares of the investment management company’s stock worth $464,000 after acquiring an additional 744 shares in the last quarter. Schnieders Capital Management LLC lifted its holdings in shares of The India Fund by 9.1% in the 4th quarter. Schnieders Capital Management LLC now owns 17,960 shares of the investment management company’s stock worth $379,000 after purchasing an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of The India Fund by 2.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 106,723 shares of the investment management company’s stock worth $2,252,000 after purchasing an additional 2,170 shares during the last quarter. UBS Group AG lifted its holdings in shares of The India Fund by 8.9% in the 1st quarter. UBS Group AG now owns 32,611 shares of the investment management company’s stock worth $630,000 after purchasing an additional 2,671 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of The India Fund by 0.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,327,151 shares of the investment management company’s stock worth $44,937,000 after purchasing an additional 6,351 shares during the last quarter. Institutional investors and hedge funds own 28.39% of the company’s stock.

About The India Fund

(Get Rating)

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.

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