Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Shares Down 1.1% – Here’s Why

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) was down 1.1% during mid-day trading on Tuesday . The company traded as low as $9.36 and last traded at $9.39. Approximately 76,925 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 62,213 shares. The stock had previously closed at $9.49.

Voya Global Advantage and Premium Opportunity Fund Stock Down 1.1%

The stock’s fifty day moving average price is $9.76 and its 200-day moving average price is $9.76.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a $0.085 dividend. The ex-dividend date is Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.

Institutional Trading of Voya Global Advantage and Premium Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the third quarter worth $26,000. Advisory Services Network LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the third quarter worth $34,000. Cetera Investment Advisers increased its holdings in Voya Global Advantage and Premium Opportunity Fund by 15.7% during the second quarter. Cetera Investment Advisers now owns 25,370 shares of the company’s stock worth $252,000 after buying an additional 3,439 shares during the last quarter. Camelot Portfolios LLC acquired a new position in Voya Global Advantage and Premium Opportunity Fund during the fourth quarter worth $47,000. Finally, Invesco Ltd. increased its holdings in Voya Global Advantage and Premium Opportunity Fund by 2.6% during the fourth quarter. Invesco Ltd. now owns 287,018 shares of the company’s stock worth $2,790,000 after buying an additional 7,157 shares during the last quarter.

Voya Global Advantage and Premium Opportunity Fund Company Profile

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. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds.