Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Stock Passes Below 50-Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.46 and traded as low as $7.38. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $7.40, with a volume of 30,807 shares.

Voya Asia Pacific High Dividend Equity Income Fund Stock Performance

The firm has a 50 day moving average price of $7.46 and a 200-day moving average price of $7.07.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 10.5%.

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

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its stake in Voya Asia Pacific High Dividend Equity Income Fund by 24.1% in the 1st quarter. Private Advisor Group LLC now owns 197,293 shares of the company’s stock valued at $1,217,000 after buying an additional 38,293 shares during the last quarter. Shaker Financial Services LLC lifted its position in Voya Asia Pacific High Dividend Equity Income Fund by 7.5% during the 1st quarter. Shaker Financial Services LLC now owns 174,882 shares of the company’s stock worth $1,079,000 after acquiring an additional 12,262 shares during the last quarter. Total Wealth Planning & Management Inc. boosted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 3.6% during the second quarter. Total Wealth Planning & Management Inc. now owns 46,913 shares of the company’s stock valued at $330,000 after acquiring an additional 1,613 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund in the second quarter valued at about $83,000. Finally, Colonial Trust Advisors bought a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund in the second quarter worth about $27,000.

About Voya Asia Pacific High Dividend Equity Income Fund

Voya Asia Pacific High Dividend Equity Income 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 the public equity markets of the Asia Pacific region. The fund seeks to invest in stocks of companies operating across diversified sectors.