Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Price Up 0.1% – Still a Buy?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s stock price rose 0.1% during mid-day trading on Friday. The company traded as high as $7.45 and last traded at $7.42. 546,427 shares were traded during trading, an increase of 396% from the average session volume of 110,084 shares. The stock had previously closed at $7.41.

Voya Emerging Markets High Dividend Equity Fund Stock Up 0.1%

The stock has a 50 day simple moving average of $7.51 and a two-hundred day simple moving average of $7.30.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were paid a $0.0550 dividend. This represents a $0.66 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Thursday, October 1st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP raised its position in Voya Emerging Markets High Dividend Equity Fund by 9.1% during the 1st quarter. Bulldog Investors LLP now owns 982,438 shares of the investment management company’s stock worth $6,543,000 after buying an additional 81,985 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund in the second quarter valued at about $1,354,000. Private Advisor Group LLC boosted its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 8.3% in the third quarter. Private Advisor Group LLC now owns 145,919 shares of the investment management company’s stock valued at $1,105,000 after acquiring an additional 11,154 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund in the second quarter valued at about $610,000. Finally, Kingsview Wealth Management LLC purchased a new position in Voya Emerging Markets High Dividend Equity Fund during the second quarter worth about $418,000.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol IHD. The fund seeks to provide investors with income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies in emerging-market countries. The fund’s portfolio may include common stocks and other equity investments across a range of industries and geographies. Its exposure can include companies in regions such as Asia, Latin America, Eastern Europe, Africa and the Middle East, although the fund’s geographic allocation changes over time based on the portfolio manager’s investment decisions and market conditions.