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)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.45 and traded as high as $5.57. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.55, with a volume of 140,074 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Trading Down 0.1 %

The stock’s fifty day moving average price is $5.45 and its two-hundred day moving average price is $5.52.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date is Monday, March 3rd.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 72,678 shares of the investment management company’s stock worth $394,000 after purchasing an additional 2,050 shares in the last quarter. Lido Advisors LLC increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 21.1% during the 4th quarter. Lido Advisors LLC now owns 271,631 shares of the investment management company’s stock worth $1,486,000 after purchasing an additional 47,367 shares in the last quarter. Stifel Financial Corp increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 8.6% during the 4th quarter. Stifel Financial Corp now owns 195,212 shares of the investment management company’s stock worth $1,058,000 after purchasing an additional 15,475 shares in the last quarter. Shaker Financial Services LLC increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 87.7% during the 4th quarter. Shaker Financial Services LLC now owns 111,768 shares of the investment management company’s stock worth $611,000 after purchasing an additional 52,209 shares in the last quarter. Finally, Mariner LLC increased its position in Voya Global Equity Dividend and Premium Opportunity Fund by 21.3% during the 4th quarter. Mariner LLC now owns 42,655 shares of the investment management company’s stock worth $231,000 after purchasing an additional 7,480 shares in the last quarter.

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.