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) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.79 and traded as high as $5.79. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.7850, with a volume of 164,499 shares trading hands.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The firm’s 50-day simple moving average is $5.79 and its 200-day simple moving average is $5.80.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, December 1st.

Institutional Investors Weigh In On Voya Global Equity Dividend and Premium Opportunity Fund

Large investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth about $32,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter worth approximately $34,000. Catalina Capital Group LLC bought a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the 2nd quarter worth approximately $66,000. Colonial Trust Advisors purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter worth approximately $66,000. Finally, Benjamin Edwards Inc. bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the third quarter valued at approximately $76,000.

Voya Global Equity Dividend and Premium Opportunity Fund Company Profile

Voya Global Equity Dividend 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 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.