Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.82 and traded as high as $5.95. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.85, with a volume of 198,316 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Down 1.8%

The business’s fifty day simple moving average is $5.82 and its 200-day simple moving average is $5.83.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Institutional Investors Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 13.8% in the first quarter. Royal Bank of Canada now owns 245,046 shares of the investment management company’s stock worth $1,413,000 after buying an additional 29,746 shares in the last quarter. Soltis Investment Advisors LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter worth approximately $120,000. Penserra Capital Management LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 941,303 shares of the investment management company’s stock worth $5,459,000 after purchasing an additional 27,811 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 20.1% in the 2nd quarter. Cetera Investment Advisers now owns 61,030 shares of the investment management company’s stock valued at $354,000 after purchasing an additional 10,193 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 14.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 41,540 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 5,369 shares in the last quarter.

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.