Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Stock Price Down 1% – Should You Sell?

Shares of Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) were down 1% during trading on Thursday . The company traded as low as $9.56 and last traded at $9.56. Approximately 66,765 shares changed hands during trading, an increase of 8% from the average daily volume of 61,724 shares. The stock had previously closed at $9.66.

Voya Global Advantage and Premium Opportunity Fund Stock Performance

The business’s 50 day moving average is $9.64 and its 200 day moving average is $9.73.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Hedge Funds Weigh In On Voya Global Advantage and Premium Opportunity Fund

Several large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 31.8% during the fourth quarter. Guggenheim Capital LLC now owns 664,084 shares of the company’s stock worth $6,455,000 after buying an additional 160,302 shares during the period. Shaker Financial Services LLC boosted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 483.5% during the fourth quarter. Shaker Financial Services LLC now owns 142,531 shares of the company’s stock worth $1,398,000 after buying an additional 118,103 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 44.6% during the third quarter. Raymond James Financial Inc. now owns 341,793 shares of the company’s stock worth $3,391,000 after buying an additional 105,359 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 2,016.4% during the fourth quarter. Wolverine Asset Management LLC now owns 54,581 shares of the company’s stock worth $531,000 after buying an additional 52,002 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 118.0% during the second quarter. Osaic Holdings Inc. now owns 90,404 shares of the company’s stock worth $898,000 after buying an additional 48,934 shares during the period.

About Voya Global Advantage and Premium Opportunity Fund

Voya Global Advantage and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC, Voya Investment Management Co LLC, and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds.