Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Pass Above 50-Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.70 and traded as high as $8.89. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $8.80, with a volume of 22,338 shares.

Voya Asia Pacific High Dividend Equity Income Fund Stock Performance

The business has a 50 day moving average price of $8.70 and a 200-day moving average price of $8.34.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Tuesday, September 1st.

Institutional Trading of Voya Asia Pacific High Dividend Equity Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in IAE. LPL Financial LLC raised its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 264.6% in the 4th quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock valued at $347,000 after purchasing an additional 34,561 shares during the period. Fifth Third Bancorp bought a new position in Voya Asia Pacific High Dividend Equity Income Fund during the first quarter worth about $219,000. Raymond James Financial Inc. grew its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 19.0% during the second quarter. Raymond James Financial Inc. now owns 129,511 shares of the company’s stock worth $912,000 after purchasing an additional 20,723 shares during the period. Bulldog Investors LLP increased its position in Voya Asia Pacific High Dividend Equity Income Fund by 4.6% during the fourth quarter. Bulldog Investors LLP now owns 424,908 shares of the company’s stock worth $3,093,000 after buying an additional 18,853 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter worth approximately $134,000.

About Voya Asia Pacific High Dividend Equity Income Fund

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.