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

Shares of Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.59 and traded as high as $5.65. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.58, with a volume of 93,693 shares changing hands.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Down 1.2 %

The stock has a 50-day moving average of $5.59 and a 200 day moving average of $5.35.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Friday, November 1st.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in IGD. Integrated Capital Management Inc. boosted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 8.3% in the second quarter. Integrated Capital Management Inc. now owns 35,827 shares of the investment management company’s stock valued at $184,000 after acquiring an additional 2,731 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 2.1% in the 2nd quarter. Raymond James & Associates now owns 243,558 shares of the investment management company’s stock worth $1,252,000 after purchasing an additional 4,961 shares during the period. Private Advisor Group LLC grew its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 1.5% during the second quarter. Private Advisor Group LLC now owns 354,981 shares of the investment management company’s stock valued at $1,825,000 after purchasing an additional 5,150 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Voya Global Equity Dividend and Premium Opportunity Fund by 4.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 118,690 shares of the investment management company’s stock valued at $610,000 after purchasing an additional 5,404 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 2.9% in the second quarter. Park Avenue Securities LLC now owns 207,311 shares of the investment management company’s stock valued at $1,066,000 after buying an additional 5,933 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.