India Fund (NYSE:IFN) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

India Fund, Inc. (NYSE:IFN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.47 and traded as high as $11.56. India Fund shares last traded at $11.4550, with a volume of 138,436 shares traded.

India Fund Price Performance

The stock’s 50 day moving average price is $11.47 and its 200-day moving average price is $12.43.

India Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, May 21st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date was Thursday, May 21st.

Hedge Funds Weigh In On India Fund

A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of India Fund during the third quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in India Fund in the 4th quarter worth approximately $34,000. TrueMark Investments LLC purchased a new position in India Fund in the 4th quarter worth approximately $137,000. Baker Ellis Asset Management LLC bought a new position in India Fund in the 4th quarter worth approximately $165,000. Finally, Decision Investments Inc. bought a new position in India Fund in the 1st quarter worth approximately $178,000. Institutional investors own 10.76% of the company’s stock.

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.