Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.84 and traded as high as $7.49. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.45, with a volume of 88,873 shares traded.

Voya Emerging Markets High Dividend Equity Fund Trading Up 0.3%

The stock has a fifty day moving average of $6.84 and a 200-day moving average of $6.63.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IHD. Bank of America Corp DE boosted its position in Voya Emerging Markets High Dividend Equity Fund by 3.3% during 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 purchasing an additional 6,513 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Voya Emerging Markets High Dividend Equity Fund during the second quarter valued at approximately $144,000. Osaic Holdings Inc. boosted its position in Voya Emerging Markets High Dividend Equity Fund by 121.3% during the second quarter. Osaic Holdings Inc. now owns 148,536 shares of the investment management company’s stock valued at $882,000 after purchasing an additional 81,418 shares during the last quarter. TrueMark Investments LLC acquired a new position in Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at approximately $209,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at approximately $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.