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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

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

The company has a fifty day moving average of $5.75 and a two-hundred day moving average of $5.82.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th will be paid 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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IGD. Susquehanna International Group LLP purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 3rd quarter valued at approximately $86,000. Mariner LLC lifted its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 16.8% in the 3rd quarter. Mariner LLC now owns 57,447 shares of the investment management company’s stock valued at $341,000 after buying an additional 8,252 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 7.5% in the third quarter. Moors & Cabot Inc. now owns 39,275 shares of the investment management company’s stock valued at $233,000 after buying an additional 2,725 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 3.3% in the third quarter. Bank of America Corp DE now owns 2,448,178 shares of the investment management company’s stock valued at $14,518,000 after buying an additional 77,331 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 3.8% during the third quarter. Invesco Ltd. now owns 1,157,738 shares of the investment management company’s stock worth $6,865,000 after acquiring an additional 42,856 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.