Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) Stock Price Down 0.6% – Here’s Why

Voya Global Advantage and Premium Opportunity Fund (NYSEARCA:IGA) shares traded down 0.6% during mid-day trading on Wednesday . The company traded as low as $9.55 and last traded at $9.60. 75,825 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 64,284 shares. The stock had previously closed at $9.66.

Voya Global Advantage and Premium Opportunity Fund Trading Down 0.6%

The firm has a 50-day moving average price of $9.87 and a 200 day moving average price of $9.82.

Voya Global Advantage and Premium Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.085 dividend. The ex-dividend date of this dividend is Monday, March 2nd. 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Voya Global Advantage and Premium Opportunity Fund by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 43,329 shares of the company’s stock worth $430,000 after purchasing an additional 3,238 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 15.7% during the second quarter. Cetera Investment Advisers now owns 25,370 shares of the company’s stock valued at $252,000 after buying an additional 3,439 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Voya Global Advantage and Premium Opportunity Fund by 22.3% in the second quarter. Guggenheim Capital LLC now owns 522,946 shares of the company’s stock worth $5,193,000 after buying an additional 95,449 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Voya Global Advantage and Premium Opportunity Fund by 20.2% in the second quarter. Raymond James Financial Inc. now owns 236,434 shares of the company’s stock worth $2,348,000 after buying an additional 39,794 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Voya Global Advantage and Premium Opportunity Fund by 118.0% in the 2nd quarter. Osaic Holdings Inc. now owns 90,404 shares of the company’s stock valued at $898,000 after acquiring an additional 48,934 shares during the last quarter.

Voya Global Advantage and Premium Opportunity Fund Company Profile

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.