Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Share Price Passes Above 50-Day Moving Average – What’s Next?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.54 and traded as high as $5.71. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.71, with a volume of 135,747 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Up 0.6%

The company has a fifty day moving average of $5.54 and a 200 day moving average of $5.52.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.05 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 10.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGD. NBC Securities Inc. raised its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 103,988.9% in the first quarter. NBC Securities Inc. now owns 9,368 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 9,359 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter valued at $55,000. GWN Securities Inc. acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at about $72,000. Founders Financial Alliance LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 1st quarter worth approximately $77,000. Finally, Independent Advisor Alliance purchased a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter worth $105,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.