Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.14 and traded as high as $6.20. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $6.1750, with a volume of 216,290 shares trading hands.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

The firm has a 50 day moving average of $6.15 and a 200-day moving average of $5.93.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Trading of Voya Global Equity Dividend and Premium Opportunity Fund

Several institutional investors have recently made changes to their positions in IGD. UBS Group AG grew its position in Voya Global Equity Dividend and Premium Opportunity Fund by 1.0% during the third quarter. UBS Group AG now owns 190,527 shares of the investment management company’s stock valued at $1,130,000 after purchasing an additional 1,821 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 7.5% during the 3rd quarter. Moors & Cabot Inc. now owns 39,275 shares of the investment management company’s stock valued at $233,000 after buying an additional 2,725 shares during the period. Spire Wealth Management boosted its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% during the 4th quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock valued at $43,000 after buying an additional 2,867 shares during the period. Founders Financial Alliance LLC grew its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 14.0% during the 4th quarter. Founders Financial Alliance LLC now owns 27,808 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 3,415 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter valued at $28,000.

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.