Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Shares Down 0.6% – What’s Next?

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) fell 0.6% during trading on Thursday . The stock traded as low as $12.97 and last traded at $12.9950. Approximately 45,297 shares were traded during mid-day trading, a decline of 10% from the average session volume of 50,485 shares. The stock had previously closed at $13.08.

Voya Infrastructure, Industrials and Materials Fund Stock Performance

The stock has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $13.46.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Hedge Funds Weigh In On Voya Infrastructure, Industrials and Materials Fund

A number of hedge funds have recently modified their holdings of IDE. Royal Bank of Canada raised its position in shares of Voya Infrastructure, Industrials and Materials Fund by 64.1% during the 1st quarter. Royal Bank of Canada now owns 171,610 shares of the company’s stock valued at $1,816,000 after purchasing an additional 67,052 shares during the period. Invesco Ltd. increased its stake in Voya Infrastructure, Industrials and Materials Fund by 0.7% in the 2nd quarter. Invesco Ltd. now owns 314,139 shares of the company’s stock worth $3,672,000 after buying an additional 2,141 shares in the last quarter. Raymond James Financial Inc. increased its stake in Voya Infrastructure, Industrials and Materials Fund by 4.3% in the 2nd quarter. Raymond James Financial Inc. now owns 277,986 shares of the company’s stock worth $3,250,000 after buying an additional 11,501 shares in the last quarter. Bank of America Corp DE raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 10.5% during the second quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock valued at $194,000 after acquiring an additional 1,581 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 3.5% during the second quarter. Osaic Holdings Inc. now owns 50,660 shares of the company’s stock valued at $592,000 after acquiring an additional 1,719 shares during the period.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities of companies engaged in infrastructure, industrials and materials businesses, such as utilities, transportation, engineering and construction materials. By targeting firms with established cash flows and growth potential, the fund aims to deliver a blend of yield and long-term capital gains for shareholders.

The fund’s investment strategy combines bottom-up security selection with broad sector diversification.