Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Shares Pass Above 50 Day Moving Average – What’s Next?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.76 and traded as high as $5.77. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.75, with a volume of 153,595 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The business’s 50 day moving average is $5.76 and its two-hundred day moving average is $5.81.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, February 2nd.

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

Several hedge funds have recently modified their holdings of IGD. Spire Wealth Management grew its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% during the fourth quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock valued at $43,000 after acquiring an additional 2,867 shares in the last quarter. Colonial Trust Advisors bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter valued at about $66,000. Catalina Capital Group LLC bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter valued at about $66,000. Benjamin Edwards Inc. purchased a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the third quarter valued at about $76,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the third quarter worth about $86,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) is a closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objective by investing primarily in dividend?paying equity securities of companies located around the world. In addition to traditional equity holdings, the fund employs an options overlay strategy—selling call options on individual stocks or on equity indices—to generate additional premium income and to help manage portfolio volatility.

IGD’s investment portfolio is broadly diversified across developed and emerging markets, including North America, Europe and the Asia-Pacific region.