Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $8.81 and traded as low as $8.78. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $8.8750, with a volume of 247,159 shares traded.

Voya Asia Pacific High Dividend Equity Income Fund Trading Down 19.5%

The company has a 50 day simple moving average of $8.81 and a 200-day simple moving average of $8.51.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, October 13th. Investors of record on Friday, October 9th will be given a dividend of $1.66 per share. The ex-dividend date of this dividend is Friday, October 9th.

Hedge Funds Weigh In On Voya Asia Pacific High Dividend Equity Income Fund

A number of hedge funds have recently added to or reduced their stakes in IAE. Cetera Investment Advisers raised its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 36.2% during the first quarter. Cetera Investment Advisers now owns 18,814 shares of the company’s stock worth $139,000 after purchasing an additional 5,000 shares during the period. Bulldog Investors LLP boosted its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 3.8% in the 1st quarter. Bulldog Investors LLP now owns 441,260 shares of the company’s stock valued at $3,252,000 after buying an additional 16,352 shares during the period. Fifth Third Bancorp bought a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund during the 1st quarter valued at about $219,000. Private Advisor Group LLC raised its stake in Voya Asia Pacific High Dividend Equity Income Fund by 1.6% during the first quarter. Private Advisor Group LLC now owns 117,375 shares of the company’s stock worth $865,000 after acquiring an additional 1,875 shares during the period. Finally, NWF Advisory Services Inc. raised its stake in Voya Asia Pacific High Dividend Equity Income Fund by 5.6% during the fourth quarter. NWF Advisory Services Inc. now owns 113,250 shares of the company’s stock worth $824,000 after acquiring an additional 6,000 shares during the period.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile

Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) 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 equity securities issued by companies in the Asia-Pacific region.

The fund generally focuses on common stocks and other equity-related investments, including securities of companies located in or exposed to markets such as Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.