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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.26 and traded as high as $6.59. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $6.5790, with a volume of 306,045 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The business’s 50 day simple moving average is $6.26 and its two-hundred day simple moving average is $6.01.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Trading of Voya Global Equity Dividend and Premium Opportunity Fund

A number of hedge funds have recently bought and sold shares of IGD. Shaker Financial Services LLC purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter worth $1,756,000. Kestra Advisory Services LLC lifted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 145.1% during the first quarter. Kestra Advisory Services LLC now owns 502,356 shares of the investment management company’s stock valued at $2,863,000 after purchasing an additional 297,411 shares in the last quarter. Guggenheim Capital LLC lifted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 16.9% during the fourth quarter. Guggenheim Capital LLC now owns 1,906,715 shares of the investment management company’s stock valued at $10,906,000 after purchasing an additional 275,126 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 231.9% during the fourth quarter. Kovack Advisors Inc. now owns 153,562 shares of the investment management company’s stock valued at $878,000 after purchasing an additional 107,289 shares during the period. Finally, LPL Financial LLC grew its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 3.7% during the fourth quarter. LPL Financial LLC now owns 2,844,385 shares of the investment management company’s stock valued at $16,270,000 after purchasing an additional 101,257 shares during the period.

About Voya Global Equity Dividend and Premium Opportunity Fund

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.