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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.75 and traded as high as $5.79. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.7750, with a volume of 222,434 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The company has a fifty day simple moving average of $5.75 and a 200-day simple moving average of $5.82.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be given a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Tuesday, December 30th.

Institutional Trading of Voya Global Equity Dividend and Premium Opportunity Fund

A number of hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 16.3% during the third quarter. Penserra Capital Management LLC now owns 1,094,468 shares of the investment management company’s stock worth $6,490,000 after buying an additional 153,165 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 11.8% in the 2nd quarter. Guggenheim Capital LLC now owns 1,378,768 shares of the investment management company’s stock valued at $7,997,000 after acquiring an additional 145,652 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 52.9% in the 2nd quarter. Osaic Holdings Inc. now owns 405,412 shares of the investment management company’s stock valued at $2,351,000 after acquiring an additional 140,206 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 191.8% in the 2nd quarter. Kovack Advisors Inc. now owns 140,646 shares of the investment management company’s stock worth $816,000 after purchasing an additional 92,446 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 3.3% during the third quarter. Bank of America Corp DE now owns 2,448,178 shares of the investment management company’s stock worth $14,518,000 after purchasing an additional 77,331 shares during the period.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

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.