Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Stock Price Down 0.1% – Should You Sell?

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as $9.66 and last traded at $9.69. Approximately 38,666 shares changed hands during trading, a decline of 42% from the average daily volume of 67,085 shares. The stock had previously closed at $9.70.

Voya Global Advantage and Premium Opportunity Fund Trading Down 0.1%

The business’s fifty day simple moving average is $9.72 and its 200 day simple moving average is $9.82.

Voya Global Advantage and Premium Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.085 per share. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, December 1st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IGA. Wolverine Asset Management LLC bought a new position in Voya Global Advantage and Premium Opportunity Fund in the 3rd quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of Voya Global Advantage and Premium Opportunity Fund during the third quarter valued at $34,000. Prevail Innovative Wealth Advisors LLC bought a new position in Voya Global Advantage and Premium Opportunity Fund in the third quarter valued at about $134,000. Bank of America Corp DE boosted its holdings in Voya Global Advantage and Premium Opportunity Fund by 479.4% in the third quarter. Bank of America Corp DE now owns 13,783 shares of the company’s stock valued at $137,000 after acquiring an additional 11,404 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Voya Global Advantage and Premium Opportunity Fund in the first quarter worth about $215,000.

About Voya Global Advantage and Premium Opportunity Fund

Voya Global Advantage 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, Voya Investment Management Co 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.