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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.51 and traded as high as $5.57. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.50, with a volume of 199,374 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The business’s 50-day moving average is $5.51 and its 200-day moving average is $5.50.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.92%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its stake 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 worth $54,000 after acquiring an additional 9,359 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter valued at about $55,000. PFG Investments LLC bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter valued at about $60,000. GWN Securities Inc. purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter worth about $72,000. Finally, Client 1ST Advisory Group LLC bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter worth approximately $89,000.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

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.