Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.54 and traded as high as $6.64. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $6.59, with a volume of 17,354 shares traded.

Voya Asia Pacific High Dividend Equity Income Fund Trading Down 0.5 %

The firm’s fifty day moving average is $6.55 and its two-hundred day moving average is $6.35.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Friday, November 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in Voya Asia Pacific High Dividend Equity Income Fund by 3.8% during the second quarter. Private Advisor Group LLC now owns 135,000 shares of the company’s stock worth $856,000 after purchasing an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Voya Asia Pacific High Dividend Equity Income Fund during the second quarter worth about $78,000. Raymond James & Associates boosted its stake in Voya Asia Pacific High Dividend Equity Income Fund by 509.8% in the second quarter. Raymond James & Associates now owns 231,269 shares of the company’s stock valued at $1,466,000 after acquiring an additional 193,343 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake in Voya Asia Pacific High Dividend Equity Income Fund by 13.6% in the first quarter. City of London Investment Management Co. Ltd. now owns 3,683,059 shares of the company’s stock valued at $23,314,000 after acquiring an additional 440,671 shares during the last quarter.

About Voya Asia Pacific High Dividend Equity Income Fund

Voya Asia Pacific High Dividend Equity Income Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in the public equity markets of the Asia Pacific region. The fund seeks to invest in stocks of companies operating across diversified sectors.