Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price 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 Wednesday . The stock has a 50 day moving average of $5.90 and traded as high as $5.96. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.88, with a volume of 314,708 shares changing hands.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Down 0.9%

The firm’s 50 day moving average is $5.90 and its two-hundred day moving average is $5.74.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 10.2%.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in IGD. Concurrent Investment Advisors LLC grew its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 25.5% in the first quarter. Concurrent Investment Advisors LLC now owns 12,658 shares of the investment management company’s stock valued at $73,000 after buying an additional 2,572 shares in the last quarter. Round Rock Advisors LLC boosted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 47.6% during the first quarter. Round Rock Advisors LLC now owns 36,252 shares of the investment management company’s stock worth $209,000 after purchasing an additional 11,696 shares during the period. Kovack Advisors Inc. bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the first quarter worth $278,000. LPL Financial LLC boosted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 251.6% during the first quarter. LPL Financial LLC now owns 2,757,434 shares of the investment management company’s stock worth $15,910,000 after purchasing an additional 1,973,205 shares during the period. Finally, Shaker Financial Services LLC boosted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 66.4% during the first quarter. Shaker Financial Services LLC now owns 185,978 shares of the investment management company’s stock worth $1,073,000 after purchasing an additional 74,210 shares during the period.

About Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.