Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Stock Price Down 0.1% – Should You Sell?

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA)’s stock price dropped 0.1% on Tuesday . The stock traded as low as $9.66 and last traded at $9.69. Approximately 38,666 shares traded hands during trading, a decline of 42% from the average daily volume of 67,085 shares. The stock had previously closed at $9.70.

Voya Global Advantage and Premium Opportunity Fund Price Performance

The company has a 50-day moving average of $9.72 and a 200-day moving average of $9.82.

Voya Global Advantage and Premium Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, December 1st.

Institutional Investors Weigh In On Voya Global Advantage and Premium Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in IGA. Bank of America Corp DE increased its holdings in Voya Global Advantage and Premium Opportunity Fund by 479.4% during the 3rd quarter. Bank of America Corp DE now owns 13,783 shares of the company’s stock worth $137,000 after purchasing an additional 11,404 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Voya Global Advantage and Premium Opportunity Fund during the third quarter worth about $134,000. Wolverine Asset Management LLC bought a new position in shares of Voya Global Advantage and Premium Opportunity Fund during the third quarter worth about $26,000. Shaker Financial Services LLC bought a new position in shares of Voya Global Advantage and Premium Opportunity Fund during the third quarter worth about $242,000. Finally, Guggenheim Capital LLC raised its position in Voya Global Advantage and Premium Opportunity Fund by 22.3% in the 2nd quarter. Guggenheim Capital LLC now owns 522,946 shares of the company’s stock valued at $5,193,000 after buying an additional 95,449 shares during the last quarter.

Voya Global Advantage and Premium Opportunity Fund Company Profile

Voya Global Advantage 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, Voya Investment Management Co 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.