Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Crosses Above 50-Day Moving Average of $5.15

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.15 and traded as high as $5.25. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.21, with a volume of 192,693 shares changing hands.

Voya Global Equity Dividend and Premium Opportunity Fund Price Performance

The company’s 50-day moving average is $5.15 and its two-hundred day moving average is $5.12.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.05 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.60 annualized dividend and a dividend yield of 11.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its position in Voya Global Equity Dividend and Premium Opportunity Fund by 200.5% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,002 shares of the investment management company’s stock worth $37,000 after purchasing an additional 4,672 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 20.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 13,004 shares of the investment management company’s stock valued at $65,000 after purchasing an additional 2,178 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter worth $93,000. Flynn Zito Capital Management LLC purchased a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the first quarter valued at $125,000. Finally, Cetera Advisors LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the first quarter valued at $176,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

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.