Insider Selling: Aberdeen Indonesia Fund Inc (IF) Major Shareholder Sells $75,294.00 in Stock
Aberdeen Indonesia Fund Inc (NYSE:IF) major shareholder City Of London Investment Grou sold 9,400 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $8.01, for a total transaction of $75,294.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Aberdeen Indonesia Fund Inc (NYSE:IF) opened at 7.8489 on Friday. Aberdeen Indonesia Fund Inc has a 1-year low of $5.97 and a 1-year high of $8.05. The stock’s 50 day moving average is $7.75 and its 200-day moving average is $7.53.
The firm also recently announced a semiannual dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were given a dividend of $0.0198 per share. This represents a dividend yield of 0.5%. The ex-dividend date was Thursday, September 21st.
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About Aberdeen Indonesia Fund
Aberdeen Indonesia Fund, Inc (the Fund) is a non-diversified closed-end, management investment company. The Fund’s primary investment objective is long-term capital appreciation with income as a secondary objective, which the Fund seeks to achieve by investing primarily in Indonesian equity and debt securities.
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