Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.16 and traded as high as $5.49. Voya Emerging Markets High Dividend Equity Fund shares last traded at $5.48, with a volume of 108,169 shares trading hands.

Voya Emerging Markets High Dividend Equity Fund Price Performance

The stock’s 50 day simple moving average is $5.16 and its two-hundred day simple moving average is $5.29.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 12.05%. The ex-dividend date is Monday, March 3rd.

Institutional Trading of Voya Emerging Markets High Dividend Equity Fund

A number of institutional investors have recently modified their holdings of the business. Saba Capital Management L.P. lifted its stake in shares of 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 buying an additional 116,361 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 4th quarter valued at approximately $93,000. Cary Street Partners Financial LLC purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 4th quarter valued at approximately $55,000. Quarry LP purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 4th quarter valued at approximately $744,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Voya Emerging Markets High Dividend Equity Fund during the 4th quarter valued at approximately $1,071,000.

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.