Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.75 and traded as high as $5.79. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.7750, with a volume of 222,434 shares traded.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Up 0.6%

The company’s 50 day simple moving average is $5.75 and its 200 day simple moving average is $5.82.

Voya Global Equity Dividend and Premium Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Tuesday, December 30th.

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

Several hedge funds have recently made changes to their positions in IGD. Pinnacle Bancorp Inc. acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth about $32,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the 2nd quarter worth approximately $34,000. Colonial Trust Advisors acquired a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the second quarter worth approximately $66,000. Catalina Capital Group LLC purchased a new stake in Voya Global Equity Dividend and Premium Opportunity Fund in the second quarter valued at approximately $66,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Voya Global Equity Dividend and Premium Opportunity Fund in the third quarter valued at approximately $76,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

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.