Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.29 and traded as high as $6.63. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $6.63, with a volume of 420,941 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The company’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $6.05.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commerce Bank bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter worth approximately $110,000. Northwestern Mutual Wealth Management Co. bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter valued at $25,000. Evolve Private Wealth LLC purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth $166,000. Advisors Capital Management LLC purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth $100,000. Finally, Empirical Asset Management LLC bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter worth $128,000.

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.