Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Passes Above 50-Day Moving Average – Here’s Why

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.82 and traded as high as $7.25. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.1860, with a volume of 51,276 shares trading hands.

Voya Emerging Markets High Dividend Equity Fund Stock Down 0.6%

The company has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $6.59.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.055 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, May 1st.

Institutional Trading of Voya Emerging Markets High Dividend Equity Fund

Large investors have recently added to or reduced their stakes in the stock. &PARTNERS purchased a new stake in Voya Emerging Markets High Dividend Equity Fund in the 4th quarter valued at $356,000. Invesco Ltd. purchased a new stake in Voya Emerging Markets High Dividend Equity Fund in the 4th quarter valued at $321,000. NewEdge Advisors LLC grew its holdings in Voya Emerging Markets High Dividend Equity Fund by 67.1% in the 3rd quarter. NewEdge Advisors LLC now owns 46,119 shares of the investment management company’s stock valued at $289,000 after buying an additional 18,525 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Voya Emerging Markets High Dividend Equity Fund in the 2nd quarter valued at $144,000. Finally, Cetera Investment Advisers grew its holdings in Voya Emerging Markets High Dividend Equity Fund by 17.6% in the 4th quarter. Cetera Investment Advisers now owns 12,147 shares of the investment management company’s stock valued at $76,000 after buying an additional 1,818 shares in the last quarter.

Voya Emerging Markets High Dividend Equity Fund Company Profile

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.