Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.54 and traded as high as $6.64. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $6.59, with a volume of 17,354 shares changing hands.

Voya Asia Pacific High Dividend Equity Income Fund Stock Down 0.5 %

The firm’s 50 day simple moving average is $6.55 and its two-hundred day simple moving average is $6.35.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date is Friday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IAE. Private Advisor Group LLC grew its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 6.6% during the first quarter. Private Advisor Group LLC now owns 130,000 shares of the company’s stock valued at $823,000 after buying an additional 8,000 shares during the last quarter. City of London Investment Management Co. Ltd. grew its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 13.6% during the first quarter. City of London Investment Management Co. Ltd. now owns 3,683,059 shares of the company’s stock valued at $23,314,000 after buying an additional 440,671 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 509.8% during the second quarter. Raymond James & Associates now owns 231,269 shares of the company’s stock valued at $1,466,000 after buying an additional 193,343 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund during the second quarter valued at about $78,000.

About Voya Asia Pacific High Dividend Equity Income Fund

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.