Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.26 and traded as low as $4.74. Voya Emerging Markets High Dividend Equity Fund shares last traded at $4.76, with a volume of 183,326 shares trading hands.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

The firm’s 50-day simple moving average is $5.24 and its 200 day simple moving average is $5.26.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 13.50%.

Hedge Funds Weigh In On Voya Emerging Markets High Dividend Equity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in IHD. Saba Capital Management L.P. raised its position in Voya Emerging Markets High Dividend Equity Fund by 14.6% during the fourth quarter. Saba Capital Management L.P. now owns 915,730 shares of the investment management company’s stock worth $4,588,000 after acquiring an additional 116,361 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Voya Emerging Markets High Dividend Equity Fund by 84.5% in the 4th quarter. Wells Fargo & Company MN now owns 694,705 shares of the investment management company’s stock valued at $3,480,000 after purchasing an additional 318,189 shares during the period. Absolute Investment Advisers LLC bought a new stake in shares of Voya Emerging Markets High Dividend Equity Fund in the 4th quarter valued at about $1,282,000. Raymond James Financial Inc. acquired a new stake in Voya Emerging Markets High Dividend Equity Fund in the 4th quarter valued at about $1,071,000. Finally, Private Advisor Group LLC grew its holdings in Voya Emerging Markets High Dividend Equity Fund by 3.8% during the fourth quarter. Private Advisor Group LLC now owns 191,952 shares of the investment management company’s stock worth $962,000 after purchasing an additional 7,038 shares during the period.

About Voya Emerging Markets High Dividend Equity Fund

Voya Emerging Markets High Dividend Equity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by ING Investment Management Advisors B.V. and Voya Investments, LLC. It invests in public equity markets of emerging market countries across the globe.