Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.25 and traded as high as $6.39. Voya Emerging Markets High Dividend Equity Fund shares last traded at $6.38, with a volume of 99,797 shares.

Voya Emerging Markets High Dividend Equity Fund Trading Up 1.8%

The stock has a fifty day moving average of $6.25 and a 200 day moving average of $6.10.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th will be given a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a c) annualized dividend and a yield of 10.3%.

Institutional Investors Weigh In On Voya Emerging Markets High Dividend Equity Fund

Several large investors have recently modified their holdings of the stock. Uhlmann Price Securities LLC boosted its stake in Voya Emerging Markets High Dividend Equity Fund by 13.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 33,979 shares of the investment management company’s stock worth $213,000 after purchasing an additional 4,140 shares during the period. Bank of America Corp DE boosted its position in shares of Voya Emerging Markets High Dividend Equity Fund by 3.3% in the second quarter. Bank of America Corp DE now owns 205,196 shares of the investment management company’s stock valued at $1,219,000 after acquiring an additional 6,513 shares during the period. Advisory Services Network LLC purchased a new position in Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at approximately $54,000. Private Advisor Group LLC increased its holdings in Voya Emerging Markets High Dividend Equity Fund by 5.0% during the 3rd quarter. Private Advisor Group LLC now owns 226,069 shares of the investment management company’s stock worth $1,417,000 after acquiring an additional 10,837 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in Voya Emerging Markets High Dividend Equity Fund in the 3rd quarter valued at $77,000.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.