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

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.49 and traded as high as $7.56. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.5250, with a volume of 30,963 shares changing hands.

Voya Emerging Markets High Dividend Equity Fund Price Performance

The company has a 50 day simple moving average of $7.49 and a 200-day simple moving average of $7.29.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, October 1st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a c) annualized dividend and a yield of 8.8%.

Institutional Investors Weigh In On Voya Emerging Markets High Dividend Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IHD. Waterfront Wealth Inc. purchased a new stake in Voya Emerging Markets High Dividend Equity Fund in the 1st quarter worth approximately $3,236,000. Bank of America Corp DE purchased a new position in shares of Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter valued at $1,354,000. Private Advisor Group LLC grew its position in shares of Voya Emerging Markets High Dividend Equity Fund by 36.7% during the 1st quarter. Private Advisor Group LLC now owns 312,161 shares of the investment management company’s stock valued at $2,079,000 after purchasing an additional 83,855 shares in the last quarter. Bulldog Investors LLP increased its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 9.1% in the first quarter. Bulldog Investors LLP now owns 982,438 shares of the investment management company’s stock worth $6,543,000 after purchasing an additional 81,985 shares during the period. Finally, Almitas Capital LLC bought a new position in shares of Voya Emerging Markets High Dividend Equity Fund in the second quarter worth $610,000.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment company that seeks to provide high current income and long-term capital appreciation by investing primarily in equity securities of companies domiciled or with significant business activities in emerging market countries. The fund emphasizes dividend-paying stocks across a range of industries, including financials, consumer staples, industrials and energy, with the goal of generating above-average yield relative to broader emerging market equity indices.

Launched in the mid-2000s under the ING Investment Management brand, the fund became part of Voya Investment Management’s portfolio offerings following Voya Financial’s acquisition of ING’s U.S.