Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.02 and traded as high as $7.55. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.53, with a volume of 98,111 shares.

Voya Emerging Markets High Dividend Equity Fund Trading Up 0.5%

The business has a 50-day moving average of $7.05 and a 200-day moving average of $6.73.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.055 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Monday, June 1st.

Hedge Funds Weigh In On Voya Emerging Markets High Dividend Equity Fund

Several institutional investors have recently bought and sold shares of the company. Bulldog Investors LLP grew its position in Voya Emerging Markets High Dividend Equity Fund by 9.1% in the 1st quarter. Bulldog Investors LLP now owns 982,438 shares of the investment management company’s stock valued at $6,543,000 after acquiring an additional 81,985 shares in the last quarter. Waterfront Wealth Inc. acquired a new position in Voya Emerging Markets High Dividend Equity Fund in the 1st quarter valued at about $3,236,000. Private Advisor Group LLC grew its position in Voya Emerging Markets High Dividend Equity Fund by 36.7% in the 1st quarter. Private Advisor Group LLC now owns 312,161 shares of the investment management company’s stock valued at $2,079,000 after acquiring an additional 83,855 shares in the last quarter. Bank of America Corp DE grew its position in Voya Emerging Markets High Dividend Equity Fund by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 205,196 shares of the investment management company’s stock valued at $1,219,000 after acquiring an additional 6,513 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Voya Emerging Markets High Dividend Equity Fund by 3.0% in the 4th quarter. Osaic Holdings Inc. now owns 155,597 shares of the investment management company’s stock valued at $976,000 after acquiring an additional 4,499 shares in the last quarter.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.