Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.43 and traded as low as $7.26. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $7.3640, with a volume of 37,930 shares traded.

Voya Asia Pacific High Dividend Equity Income Fund Stock Performance

The company has a 50 day moving average of $7.43 and a 200-day moving average of $7.25.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Tuesday, December 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Colonial Trust Advisors purchased a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 2nd quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 3rd quarter valued at $30,000. Cetera Investment Advisers bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 2nd quarter valued at $83,000. Total Wealth Planning & Management Inc. boosted its position in Voya Asia Pacific High Dividend Equity Income Fund by 3.6% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 46,913 shares of the company’s stock valued at $330,000 after buying an additional 1,613 shares during the period. Finally, NWF Advisory Services Inc. grew its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 4.7% in the 3rd quarter. NWF Advisory Services Inc. now owns 107,250 shares of the company’s stock worth $804,000 after acquiring an additional 4,800 shares during the last quarter.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.