Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.26 and traded as high as $6.59. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $6.5790, with a volume of 306,045 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The firm’s 50 day moving average is $6.26 and its 200-day moving average is $6.01.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Monday, August 3rd.

Institutional Investors Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

A number of large investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 1.0% during the third quarter. UBS Group AG now owns 190,527 shares of the investment management company’s stock worth $1,130,000 after buying an additional 1,821 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 7.5% in the 3rd quarter. Moors & Cabot Inc. now owns 39,275 shares of the investment management company’s stock worth $233,000 after acquiring an additional 2,725 shares during the last quarter. Spire Wealth Management increased its stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% in the 4th quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock worth $43,000 after acquiring an additional 2,867 shares during the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 14.0% during the 4th quarter. Founders Financial Alliance LLC now owns 27,808 shares of the investment management company’s stock worth $159,000 after acquiring an additional 3,415 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter worth $28,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) is a closed-end management investment company that seeks to provide high current income and capital appreciation. The fund pursues its objective by investing primarily in dividend‐paying equity securities of companies located around the world. In addition to traditional equity holdings, the fund employs an options overlay strategy—selling call options on individual stocks or on equity indices—to generate additional premium income and to help manage portfolio volatility.

IGD’s investment portfolio is broadly diversified across developed and emerging markets, including North America, Europe and the Asia-Pacific region.