Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Shares Pass Above 50-Day Moving Average – Time to Sell?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.52 and traded as high as $5.73. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.73, with a volume of 569,370 shares trading hands.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Up 0.7 %

The firm’s fifty day moving average price is $5.52 and its 200 day moving average price is $5.52.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 10.47%. The ex-dividend date of this dividend is Tuesday, April 1st.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors LLC acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 3rd quarter worth approximately $601,000. Park Avenue Securities LLC grew its position in Voya Global Equity Dividend and Premium Opportunity Fund by 3.6% during the fourth quarter. Park Avenue Securities LLC now owns 204,752 shares of the investment management company’s stock valued at $1,110,000 after buying an additional 7,183 shares during the period. Client 1ST Advisory Group LLC purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at $89,000. PFG Investments LLC acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter worth about $60,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter worth about $118,000.

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.