Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Stock Price Down 1% – Time to Sell?

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA)’s share price dropped 1% during trading on Thursday . The stock traded as low as $9.56 and last traded at $9.56. Approximately 66,765 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 61,724 shares. The stock had previously closed at $9.66.

Voya Global Advantage and Premium Opportunity Fund Stock Down 1.0%

The company has a 50 day moving average price of $9.64 and a 200 day moving average price of $9.73.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) annualized dividend and a yield of 10.7%.

Hedge Funds Weigh In On Voya Global Advantage and Premium Opportunity Fund

Several hedge funds have recently bought and sold shares of IGA. Wolverine Asset Management LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the 3rd quarter worth about $26,000. Advisory Services Network LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the 3rd quarter worth about $34,000. Camelot Portfolios LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the 4th quarter worth about $47,000. Prevail Innovative Wealth Advisors LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the 3rd quarter worth about $134,000. Finally, Bank of America Corp DE lifted its stake in Voya Global Advantage and Premium Opportunity Fund by 479.4% during the 3rd quarter. Bank of America Corp DE now owns 13,783 shares of the company’s stock worth $137,000 after acquiring an additional 11,404 shares in the last quarter.

About Voya Global Advantage and Premium Opportunity Fund

Voya Global Advantage 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, Voya Investment Management Co 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. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds.