Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.77 and traded as low as $5.73. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.8050, with a volume of 273,904 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Up 0.3%

The firm’s 50 day moving average is $5.77 and its 200 day moving average is $5.81.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.20 annualized dividend and a dividend yield of 3.4%.

Institutional Investors Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter valued at $1,756,000. Penserra Capital Management LLC raised its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 16.3% during the 3rd quarter. Penserra Capital Management LLC now owns 1,094,468 shares of the investment management company’s stock worth $6,490,000 after buying an additional 153,165 shares during the period. Guggenheim Capital LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 11.8% during the second quarter. Guggenheim Capital LLC now owns 1,378,768 shares of the investment management company’s stock valued at $7,997,000 after buying an additional 145,652 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 52.9% in the second quarter. Osaic Holdings Inc. now owns 405,412 shares of the investment management company’s stock worth $2,351,000 after buying an additional 140,206 shares during the period. Finally, Kovack Advisors Inc. increased its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 191.8% in the second quarter. Kovack Advisors Inc. now owns 140,646 shares of the investment management company’s stock worth $816,000 after acquiring an additional 92,446 shares in the last quarter.

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.