Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Stock Price Down 0.4% – Here’s Why

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE)’s stock price was down 0.4% during trading on Thursday . The stock traded as low as $10.52 and last traded at $10.53. Approximately 55,650 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 69,669 shares. The stock had previously closed at $10.57.

Voya Infrastructure, Industrials and Materials Fund Price Performance

The firm’s fifty day simple moving average is $10.42 and its 200 day simple moving average is $10.78.

Voya Infrastructure, Industrials and Materials Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 11.37%. The ex-dividend date of this dividend is Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the 4th quarter worth about $2,321,000. Oppenheimer & Co. Inc. raised its holdings in Voya Infrastructure, Industrials and Materials Fund by 38.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,096 shares of the company’s stock worth $468,000 after purchasing an additional 12,774 shares during the period. Wolverine Asset Management LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the fourth quarter worth approximately $1,144,000. World Investment Advisors LLC purchased a new position in Voya Infrastructure, Industrials and Materials Fund during the third quarter worth approximately $698,000. Finally, Kovack Advisors Inc. grew its holdings in Voya Infrastructure, Industrials and Materials Fund by 14.7% in the third quarter. Kovack Advisors Inc. now owns 12,205 shares of the company’s stock valued at $139,000 after purchasing an additional 1,561 shares during the period.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the infrastructure, industrials, and materials sectors.