Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Shares Pass Above Fifty Day Moving Average – What’s Next?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.38 and traded as high as $6.61. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $6.5950, with a volume of 273,685 shares trading hands.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

The stock’s 50-day simple moving average is $6.39 and its 200 day simple moving average is $6.12.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Institutional Trading of Voya Global Equity Dividend and Premium Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter worth approximately $28,000. Apeiron RIA LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at approximately $57,000. Concurrent Investment Advisors LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at approximately $59,000. Finally, XTX Topco Ltd acquired a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter worth approximately $74,000.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) is a closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objective by investing primarily in dividend‐paying equity securities of companies located around the world. In addition to traditional equity holdings, the fund employs an options overlay strategy—selling call options on individual stocks or on equity indices—to generate additional premium income and to help manage portfolio volatility.

IGD’s investment portfolio is broadly diversified across developed and emerging markets, including North America, Europe and the Asia-Pacific region.