Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Stock Performance

The business’s 50-day moving average is $5.59 and its two-hundred day moving average is $5.35.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend is Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter valued at approximately $115,000. SP Asset Management LLC acquired a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter valued at approximately $58,000. Raymond James & Associates raised its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 2.1% during the 2nd quarter. Raymond James & Associates now owns 243,558 shares of the investment management company’s stock valued at $1,252,000 after acquiring an additional 4,961 shares in the last quarter. Shaker Financial Services LLC boosted its position in Voya Global Equity Dividend and Premium Opportunity Fund by 2,089.9% during the 2nd quarter. Shaker Financial Services LLC now owns 218,985 shares of the investment management company’s stock worth $1,126,000 after acquiring an additional 208,985 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the first quarter worth $176,000.

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.