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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.21 and traded as high as $7.96. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.61, with a volume of 116,635 shares.

Voya Emerging Markets High Dividend Equity Fund Stock Down 0.8%

The firm’s 50 day moving average is $7.25 and its two-hundred day moving average is $6.81.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.055 dividend. The ex-dividend date is Monday, June 1st. This represents a c) annualized dividend and a yield of 9.0%.

Hedge Funds Weigh In On Voya Emerging Markets High Dividend Equity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of IHD. Bank of America Corp DE lifted its holdings in 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 buying an additional 6,513 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the second quarter valued at about $144,000. Osaic Holdings Inc. raised its holdings in shares of 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 period. Stratos Wealth Partners LTD. acquired a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the third quarter valued at about $77,000. Finally, Uhlmann Price Securities LLC raised its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 13.9% during the third quarter. Uhlmann Price Securities LLC now owns 33,979 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 4,140 shares during the period.

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.