Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Cross Below 50-Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.89 and traded as low as $7.39. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $7.44, with a volume of 50,751 shares traded.

Voya Asia Pacific High Dividend Equity Income Fund Stock Up 0.8%

The company has a fifty day simple moving average of $7.89 and a 200-day simple moving average of $7.57.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The company 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 $0.065 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Insider Transactions at Voya Asia Pacific High Dividend Equity Income Fund

In other Voya Asia Pacific High Dividend Equity Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,777 shares of Voya Asia Pacific High Dividend Equity Income Fund stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $7.73, for a total transaction of $322,936.21. Following the transaction, the insider directly owned 1,618,753 shares of the company’s stock, valued at $12,512,960.69. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 197,934 shares of company stock worth $1,595,552 in the last ninety days.

Hedge Funds Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bulldog Investors LLP increased its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 4.6% during the 4th quarter. Bulldog Investors LLP now owns 424,908 shares of the company’s stock worth $3,093,000 after buying an additional 18,853 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 9.4% in the fourth quarter. Shaker Financial Services LLC now owns 198,949 shares of the company’s stock valued at $1,461,000 after acquiring an additional 17,016 shares during the last quarter. Osaic Holdings Inc. grew its position in Voya Asia Pacific High Dividend Equity Income Fund by 2.9% in the fourth quarter. Osaic Holdings Inc. now owns 150,141 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,300 shares during the period. Raymond James Financial Inc. grew its position in Voya Asia Pacific High Dividend Equity Income Fund by 5.4% in the third quarter. Raymond James Financial Inc. now owns 136,445 shares of the company’s stock worth $1,023,000 after acquiring an additional 6,934 shares during the period. Finally, NWF Advisory Services Inc. increased its stake in Voya Asia Pacific High Dividend Equity Income Fund by 5.6% during the fourth quarter. NWF Advisory Services Inc. now owns 113,250 shares of the company’s stock worth $824,000 after acquiring an additional 6,000 shares during the last quarter.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.