Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Trading 1.2% Higher – Time to Buy?

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA)’s share price shot up 1.2% during mid-day trading on Friday . The stock traded as high as $9.98 and last traded at $9.95. 92,837 shares changed hands during trading, an increase of 32% from the average session volume of 70,517 shares. The stock had previously closed at $9.83.

Voya Global Advantage and Premium Opportunity Fund Price Performance

The business’s 50-day moving average price is $9.80 and its two-hundred day moving average price is $9.79.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a $0.085 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a yield of 10.3%.

Institutional Investors Weigh In On Voya Global Advantage and Premium Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in IGA. Camelot Portfolios LLC acquired a new stake in Voya Global Advantage and Premium Opportunity Fund in the 4th quarter worth about $47,000. Advisory Services Network LLC acquired a new position in shares of Voya Global Advantage and Premium Opportunity Fund during the 3rd quarter valued at about $34,000. Bank of America Corp DE lifted its holdings in shares of Voya Global Advantage and Premium Opportunity Fund by 479.4% during the 3rd quarter. Bank of America Corp DE now owns 13,783 shares of the company’s stock worth $137,000 after acquiring an additional 11,404 shares during the period. Raymond James Financial Inc. boosted its position in shares of Voya Global Advantage and Premium Opportunity Fund by 44.6% in the third quarter. Raymond James Financial Inc. now owns 341,793 shares of the company’s stock worth $3,391,000 after acquiring an additional 105,359 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Voya Global Advantage and Premium Opportunity Fund by 118.0% in the second quarter. Osaic Holdings Inc. now owns 90,404 shares of the company’s stock worth $898,000 after acquiring an additional 48,934 shares during the last quarter.

Voya Global Advantage and Premium Opportunity Fund Company Profile

Voya Global Advantage 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, Voya Investment Management Co 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. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds.