Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Cross Above 50 Day Moving Average – Here’s Why

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.73 and traded as high as $8.92. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $8.9050, with a volume of 16,333 shares.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The stock has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $8.27.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.065 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hedge Funds Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

Several hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of Voya Asia Pacific High Dividend Equity Income Fund by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 18,814 shares of the company’s stock valued at $139,000 after purchasing an additional 5,000 shares during the last quarter. Bulldog Investors LLP increased its stake in Voya Asia Pacific High Dividend Equity Income Fund by 3.8% during the 1st quarter. Bulldog Investors LLP now owns 441,260 shares of the company’s stock valued at $3,252,000 after purchasing an additional 16,352 shares in the last quarter. Fifth Third Bancorp acquired a new position in Voya Asia Pacific High Dividend Equity Income Fund during the 1st quarter valued at approximately $219,000. Private Advisor Group LLC raised its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 1.6% in the first quarter. Private Advisor Group LLC now owns 117,375 shares of the company’s stock worth $865,000 after buying an additional 1,875 shares during the last quarter. Finally, NWF Advisory Services Inc. lifted its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 5.6% during the fourth quarter. NWF Advisory Services Inc. now owns 113,250 shares of the company’s stock worth $824,000 after buying an additional 6,000 shares during the period.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.