Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.81 and traded as high as $5.99. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.9750, with a volume of 265,182 shares changing hands.

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

The firm has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $5.83.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.05 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a yield of 10.0%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lloyd Advisory Services LLC. bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at approximately $28,000. Penserra Capital Management LLC increased 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 acquiring an additional 153,165 shares during the period. Founders Financial Alliance LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 74.5% in the 3rd quarter. Founders Financial Alliance LLC now owns 24,393 shares of the investment management company’s stock worth $145,000 after purchasing an additional 10,415 shares in the last quarter. Spire Wealth Management lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% in the 4th quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock worth $43,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Apeiron RIA LLC bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter valued at $57,000.

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.