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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed 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 traded.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

The stock has a 50 day moving average of $5.82 and a 200 day moving average of $5.83.

Voya Global Equity Dividend and Premium Opportunity 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 dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 2nd.

Institutional Inflows and Outflows

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