Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Up 1.2% – Time to Buy?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price was up 1.2% during trading on Friday. The stock traded as high as $6.46 and last traded at $6.4450. 175,272 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 290,860 shares. The stock had previously closed at $6.37.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The company’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $6.17.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.60 annualized dividend and a dividend yield of 9.3%.

Institutional Trading of Voya Global Equity Dividend and Premium Opportunity Fund

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth $25,000. Apeiron RIA LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the third quarter worth $62,000. Fifth Third Bancorp bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 1st quarter valued at $90,000. Corient Private Wealth LP bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter valued at $99,000. Finally, Advisors Capital Management LLC bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter valued at $100,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol IGD. The fund seeks to provide current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies around the world. The fund generally maintains a globally diversified portfolio that may include stocks of companies in developed and emerging markets. Its investment strategy also incorporates the sale of covered call options on some of its equity holdings.