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) passed 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 changing hands.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

The stock’s 50-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 Announces Dividend

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

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

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at about $2,364,000. World Investment Advisors LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 3rd quarter valued at about $601,000. World Investment Advisors grew its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 55.8% in the 4th quarter. World Investment Advisors now owns 166,000 shares of the investment management company’s stock valued at $900,000 after buying an additional 59,453 shares during the period. Shaker Financial Services LLC increased its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 87.7% during the 4th quarter. Shaker Financial Services LLC now owns 111,768 shares of the investment management company’s stock worth $611,000 after buying an additional 52,209 shares during the last quarter. Finally, Lido Advisors LLC raised its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 21.1% during the 4th quarter. Lido Advisors LLC now owns 271,631 shares of the investment management company’s stock valued at $1,486,000 after buying an additional 47,367 shares during the period.

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.