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

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.82 and traded as high as $5.95. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.85, with a volume of 198,316 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The business has a 50-day moving average of $5.82 and a 200-day moving average of $5.83.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 2nd.

Hedge Funds Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

A number of hedge funds have recently made changes to their positions in IGD. Lloyd Advisory Services LLC. purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter worth about $28,000. Spire Wealth Management lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 61.8% during the fourth quarter. Spire Wealth Management now owns 7,506 shares of the investment management company’s stock worth $43,000 after purchasing an additional 2,867 shares during the last quarter. Apeiron RIA LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter worth approximately $57,000. Concurrent Investment Advisors LLC acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the fourth quarter valued at approximately $59,000. Finally, Colonial Trust Advisors acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter valued at approximately $66,000.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

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.