Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.17 and traded as low as $6.04. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $6.06, with a volume of 48,026 shares.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The business has a fifty day moving average of $6.17 and a 200-day moving average of $6.33.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.065 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.78 dividend on an annualized basis and a yield of 12.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IAE. Total Wealth Planning & Management Inc. acquired a new position in Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter worth about $81,000. Quarry LP purchased a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund in the fourth quarter valued at $742,000. Raymond James Financial Inc. acquired a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter worth about $986,000. One Capital Management LLC acquired a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter worth approximately $61,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter valued at $1,154,000.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile

Voya Asia Pacific High Dividend Equity Income 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 the public equity markets of the Asia Pacific region. The fund seeks to invest in stocks of companies operating across diversified sectors.