Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $7.50 and traded as high as $7.76. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.6560, with a volume of 51,190 shares changing hands.

Voya Emerging Markets High Dividend Equity Fund Trading Up 0.4%

The company has a fifty day moving average of $7.51 and a two-hundred day moving average of $7.33.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.0550 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Thursday, October 1st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IHD. Kingsview Wealth Management LLC acquired a new stake in Voya Emerging Markets High Dividend Equity Fund in the second quarter worth $418,000. Comprehensive Money Management Services LLC bought a new position in Voya Emerging Markets High Dividend Equity Fund in the second quarter worth approximately $111,000. Almitas Capital LLC bought a new position in Voya Emerging Markets High Dividend Equity Fund in the second quarter worth approximately $610,000. Bank of America Corp DE acquired a new stake in Voya Emerging Markets High Dividend Equity Fund in the second quarter valued at approximately $1,354,000. Finally, Cetera Investment Advisers grew its stake in Voya Emerging Markets High Dividend Equity Fund by 36.1% in the first quarter. Cetera Investment Advisers now owns 16,530 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 4,383 shares during the period.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment fund managed by Voya Investment Management. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equities issued by companies in emerging-market countries.

The fund’s portfolio may include common stocks and other equity securities across a range of industries and emerging-market geographies. Its investment approach emphasizes companies that offer attractive dividend income while providing exposure to the growth potential of developing economies.