Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Shares Break Above Fifty Day Moving Average – Should You Sell?

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $7.57 and traded as high as $7.73. Voya Emerging Markets High Dividend Equity Fund shares last traded at $7.5780, with a volume of 914,078 shares traded.

Voya Emerging Markets High Dividend Equity Fund Price Performance

The business’s 50-day moving average price is $7.57 and its 200 day moving average price is $7.41.

Voya Emerging Markets High Dividend Equity Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were issued a $0.0550 dividend. This represents a $0.66 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Waterfront Wealth Inc. purchased a new position in shares of Voya Emerging Markets High Dividend Equity Fund in the first quarter worth about $3,236,000. Bank of America Corp DE purchased a new stake in Voya Emerging Markets High Dividend Equity Fund during the 2nd quarter valued at about $1,354,000. Private Advisor Group LLC grew its position in 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 worth $2,079,000 after acquiring an additional 83,855 shares during the last quarter. Bulldog Investors LLP increased its stake in Voya Emerging Markets High Dividend Equity Fund by 9.1% in the 1st 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 purchased a new position in Voya Emerging Markets High Dividend Equity Fund in the 2nd quarter worth approximately $610,000.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) is a closed-end investment fund managed by Voya Investment Management. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equities issued by companies in emerging-market countries.

The fund’s portfolio may include common stocks and other equity securities across a range of industries and emerging-market geographies. Its investment approach emphasizes companies that offer attractive dividend income while providing exposure to the growth potential of developing economies.