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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.77 and traded as low as $5.73. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.8050, with a volume of 273,904 shares trading hands.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Up 0.3%

The company has a 50-day moving average price of $5.77 and a 200-day moving average price of $5.81.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, February 2nd.

Institutional Investors Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management grew its position in Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% in the 4th quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock valued at $43,000 after buying an additional 2,867 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the 4th quarter worth approximately $59,000. Colonial Trust Advisors bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter valued at approximately $66,000. Benjamin Edwards Inc. acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the third quarter valued at approximately $76,000. Finally, Susquehanna International Group LLP bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the third quarter worth approximately $86,000.

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.