Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Shares Cross Above 50-Day Moving Average – Should You Sell?

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.15 and traded as high as $6.16. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $6.15, with a volume of 67,728 shares traded.

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

The business has a 50 day moving average of $6.15 and a 200-day moving average of $6.34.

Voya Asia Pacific High Dividend Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 12.68%. The ex-dividend date is Monday, February 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC acquired a new stake in shares of Voya Asia Pacific High Dividend Equity Income Fund during the 4th quarter worth about $1,278,000. Wolverine Asset Management LLC purchased a new position in shares of Voya Asia Pacific High Dividend Equity Income Fund during the fourth quarter valued at approximately $1,154,000. Private Advisor Group LLC boosted its position in Voya Asia Pacific High Dividend Equity Income Fund by 11.2% during the fourth quarter. Private Advisor Group LLC now owns 159,000 shares of the company’s stock worth $964,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Voya Asia Pacific High Dividend Equity Income Fund in the 2nd quarter worth approximately $78,000.

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.