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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s share price 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 business’s fifty day simple moving average is $5.59 and its 200-day simple moving average is $5.35.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.75%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 76.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 81,010 shares of the investment management company’s stock valued at $403,000 after buying an additional 35,050 shares during the period. Private Advisor Group LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 13.5% in the 1st quarter. Private Advisor Group LLC now owns 349,831 shares of the investment management company’s stock worth $1,854,000 after purchasing an additional 41,601 shares in the last quarter. Flynn Zito Capital Management LLC bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the 1st quarter valued at $125,000. Prevail Innovative Wealth Advisors LLC grew its position in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 23.4% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 191,760 shares of the investment management company’s stock valued at $1,016,000 after purchasing an additional 36,366 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 18.6% in the first quarter. Advisors Asset Management Inc. now owns 1,549,415 shares of the investment management company’s stock worth $8,212,000 after purchasing an additional 242,684 shares during the period.

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.