Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Passes Above 50 Day Moving Average – What’s Next?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.27 and traded as high as $5.37. Voya Emerging Markets High Dividend Equity Fund shares last traded at $5.35, with a volume of 35,872 shares changing hands.

Voya Emerging Markets High Dividend Equity Fund Trading Up 0.3 %

The stock’s fifty day moving average price is $5.28 and its 200 day moving average price is $5.29.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 12.28%. The ex-dividend date is Tuesday, April 1st.

Institutional Trading of Voya Emerging Markets High Dividend Equity Fund

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Voya Emerging Markets High Dividend Equity Fund by 84.5% during the fourth quarter. Wells Fargo & Company MN now owns 694,705 shares of the investment management company’s stock valued at $3,480,000 after buying an additional 318,189 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the fourth quarter valued at $1,282,000. Raymond James Financial Inc. purchased a new position in shares of Voya Emerging Markets High Dividend Equity Fund in the 4th quarter worth about $1,071,000. Quarry LP bought a new position in Voya Emerging Markets High Dividend Equity Fund in the 4th quarter worth about $744,000. Finally, Saba Capital Management L.P. grew its position in Voya Emerging Markets High Dividend Equity Fund by 14.6% during the 4th quarter. Saba Capital Management L.P. now owns 915,730 shares of the investment management company’s stock valued at $4,588,000 after purchasing an additional 116,361 shares during the last quarter.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by ING Investment Management Advisors B.V. and Voya Investments, LLC. It invests in public equity markets of emerging market countries across the globe.