Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.49 and traded as low as $5.45. Voya Global Equity Dividend and Premium Opportunity Fund shares last traded at $5.47, with a volume of 127,468 shares.

Voya Global Equity Dividend and Premium Opportunity Fund Stock Performance

The firm’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.51.

Voya Global Equity Dividend and Premium Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend is Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Voya Global Equity Dividend and Premium Opportunity Fund by 4.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 118,690 shares of the investment management company’s stock valued at $610,000 after buying an additional 5,404 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Voya Global Equity Dividend and Premium Opportunity Fund by 3.6% in the fourth quarter. Park Avenue Securities LLC now owns 204,752 shares of the investment management company’s stock valued at $1,110,000 after acquiring an additional 7,183 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Voya Global Equity Dividend and Premium Opportunity Fund by 2.8% in the second quarter. Thrivent Financial for Lutherans now owns 371,231 shares of the investment management company’s stock worth $1,908,000 after acquiring an additional 10,000 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Voya Global Equity Dividend and Premium Opportunity Fund during the 4th quarter worth $60,000. Finally, Client 1ST Advisory Group LLC bought a new position in Voya Global Equity Dividend and Premium Opportunity Fund during the fourth quarter valued at about $89,000.

About Voya Global Equity Dividend and Premium Opportunity Fund

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.