Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.20 and traded as low as $6.20. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $6.20, with a volume of 80,551 shares.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The firm’s 50-day simple moving average is $6.21 and its 200 day simple moving average is $6.30.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 12.50%. The ex-dividend date is Tuesday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. One Capital Management LLC bought a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter worth $61,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter valued at $81,000. Quarry LP purchased a new position in Voya Asia Pacific High Dividend Equity Income Fund in the 4th quarter worth about $742,000. Private Advisor Group LLC raised its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 11.2% during the 4th quarter. Private Advisor Group LLC now owns 159,000 shares of the company’s stock worth $964,000 after buying an additional 16,000 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter valued at about $986,000.

About Voya Asia Pacific High Dividend Equity Income Fund

Voya Asia Pacific High Dividend Equity Income 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 the public equity markets of the Asia Pacific region. The fund seeks to invest in stocks of companies operating across diversified sectors.