Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.36 and traded as low as $5.15. Voya Emerging Markets High Dividend Equity Fund shares last traded at $5.15, with a volume of 70,856 shares trading hands.

Voya Emerging Markets High Dividend Equity Fund Stock Performance

The stock has a 50-day moving average price of $5.33 and a 200-day moving average price of $5.36.

Voya Emerging Markets High Dividend Equity Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.055 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.66 annualized dividend and a yield of 12.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IHD. Allspring Global Investments Holdings LLC raised its stake in Voya Emerging Markets High Dividend Equity Fund by 21.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,065,701 shares of the investment management company’s stock worth $11,113,000 after buying an additional 367,957 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Voya Emerging Markets High Dividend Equity Fund by 54.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 14,588 shares of the investment management company’s stock worth $78,000 after acquiring an additional 5,156 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Voya Emerging Markets High Dividend Equity Fund in the 2nd quarter valued at about $190,000.

Voya Emerging Markets High Dividend Equity Fund Company Profile

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.