Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.89 and traded as low as $7.39. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $7.44, with a volume of 50,751 shares changing hands.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The business’s 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $7.56.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Insider Transactions at Voya Asia Pacific High Dividend Equity Income Fund

In other Voya Asia Pacific High Dividend Equity Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,777 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $7.73, for a total value of $322,936.21. Following the sale, the insider directly owned 1,618,753 shares of the company’s stock, valued at approximately $12,512,960.69. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 197,934 shares of company stock worth $1,595,552 in the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bulldog Investors LLP grew its stake in Voya Asia Pacific High Dividend Equity Income Fund by 424.0% in the 3rd quarter. Bulldog Investors LLP now owns 406,055 shares of the company’s stock valued at $3,045,000 after acquiring an additional 328,562 shares during the period. LPL Financial LLC raised its position in Voya Asia Pacific High Dividend Equity Income Fund by 264.6% during the fourth quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock worth $347,000 after acquiring an additional 34,561 shares during the period. Raymond James Financial Inc. lifted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 19.0% during the second quarter. Raymond James Financial Inc. now owns 129,511 shares of the company’s stock valued at $912,000 after purchasing an additional 20,723 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter valued at $134,000. Finally, Shaker Financial Services LLC grew its position in shares of Voya Asia Pacific High Dividend Equity Income Fund by 9.4% in the fourth quarter. Shaker Financial Services LLC now owns 198,949 shares of the company’s stock valued at $1,461,000 after purchasing an additional 17,016 shares during the period.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.