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

India Fund, Inc. (NYSE:IFN - Get Free Report)'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 PerformanceThe stock has a fifty day moving average price of $12.66 and a 200-day moving average price of $13.80. India Fund Dividend AnnouncementThe 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 OutflowsInstitutional 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 (Get Free Report)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.Featured StoriesFive stocks we like better than India FundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in India Fund Right Now?Before you consider India Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and India Fund wasn't on the list.While India Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here