Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Share Price Crosses 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 Thursday . The stock has a 50 day moving average of $8.73 and traded as low as $8.41. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $8.5650, with a volume of 29,328 shares trading hands.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The stock’s fifty day moving average is $8.73 and its two-hundred day moving average is $8.15.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.065 dividend. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a yield of 9.1%.

Institutional Investors Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

A number of hedge funds have recently made changes to their positions in IAE. Advisory Services Network LLC acquired a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund during the third quarter worth approximately $30,000. Cetera Investment Advisers acquired a new stake in Voya Asia Pacific High Dividend Equity Income Fund in the 2nd quarter valued at approximately $83,000. Closed End Fund Advisors Inc. bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter valued at $134,000. Fifth Third Bancorp bought a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 1st quarter valued at $219,000. Finally, LPL Financial LLC boosted its position in Voya Asia Pacific High Dividend Equity Income Fund by 264.6% during the 4th quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock worth $347,000 after acquiring an additional 34,561 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.