The India Fund, Inc. Common Stock (NYSE:IFN) Director Nancy Yao Maasbach purchased 500 shares of the company’s stock in a transaction on Monday, September 10th. The stock was purchased at an average price of $24.26 per share, with a total value of $12,130.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of IFN traded down $0.04 during mid-day trading on Friday, reaching $24.26. The stock had a trading volume of 41,367 shares, compared to its average volume of 65,718. The India Fund, Inc. Common Stock has a 12 month low of $23.71 and a 12 month high of $28.74.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Monday, September 24th will be given a $0.71 dividend. The ex-dividend date is Friday, September 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 11.71%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its position in shares of The India Fund, Inc. Common Stock by 56.6% in the first quarter. Millennium Management LLC now owns 21,842 shares of the investment management company’s stock worth $538,000 after purchasing an additional 7,894 shares during the period. Wells Fargo & Company MN boosted its position in shares of The India Fund, Inc. Common Stock by 0.9% during the first quarter. Wells Fargo & Company MN now owns 1,242,860 shares of the investment management company’s stock worth $30,612,000 after acquiring an additional 11,444 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of The India Fund, Inc. Common Stock by 21.4% during the first quarter. Guggenheim Capital LLC now owns 11,868 shares of the investment management company’s stock worth $292,000 after acquiring an additional 2,095 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of The India Fund, Inc. Common Stock during the first quarter worth $586,000. Finally, Athena Capital Advisors LLC bought a new position in shares of The India Fund, Inc. Common Stock during the first quarter worth $962,000. Institutional investors and hedge funds own 22.66% of the company’s stock.

About The India Fund, Inc. Common Stock

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