Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Jumps 1.2% – Time to Buy?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD – Get Free Report)’s share price was up 1.2% on Friday. The company traded as high as $6.46 and last traded at $6.4450. 175,272 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 290,860 shares. The stock had previously closed at $6.37.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Up 1.2%

The business’s fifty day moving average price is $6.32 and its 200-day moving average price is $6.17.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.60 annualized dividend and a yield of 9.3%.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter valued at $25,000. Apeiron RIA LLC bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 3rd quarter valued at $62,000. Fifth Third Bancorp bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 1st quarter valued at $90,000. Corient Private Wealth LP purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter worth $99,000. Finally, Advisors Capital Management LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter worth $100,000.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

(Get Free Report)

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol IGD. The fund seeks to provide current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies around the world. The fund generally maintains a globally diversified portfolio that may include stocks of companies in developed and emerging markets. Its investment strategy also incorporates the sale of covered call options on some of its equity holdings.

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