Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.81 and traded as high as $7.25. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.15, with a volume of 54,570 shares changing hands.

Voya Emerging Markets High Dividend Equity Fund Price Performance

The stock’s fifty day simple moving average is $6.81 and its 200-day simple moving average is $6.56.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust purchased a new position in Voya Emerging Markets High Dividend Equity Fund in the fourth quarter valued at about $38,000. Advisory Services Network LLC acquired a new stake in Voya Emerging Markets High Dividend Equity Fund during the third quarter worth approximately $54,000. Cetera Investment Advisers boosted its position in Voya Emerging Markets High Dividend Equity Fund by 17.6% during the fourth quarter. Cetera Investment Advisers now owns 12,147 shares of the investment management company’s stock worth $76,000 after acquiring an additional 1,818 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Voya Emerging Markets High Dividend Equity Fund during the third quarter worth approximately $77,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Voya Emerging Markets High Dividend Equity Fund during the second quarter worth approximately $144,000.

Voya Emerging Markets High Dividend Equity Fund Company Profile

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.