IGD Stock Summary and Trading Ideas (Voya Global Equity Dividend & Premium Opportunity | NYSE:IGD)

ING Global Equity Dividend and Premium Opportunity Fund seeks to provide investors with a high level of income from a portfolio of global common stocks with historically attractive dividend yields and premiums from call option writing. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a portfolio of common stocks of dividend paying companies located throughout the world, including the U.S. The Fund’s secondary investment objective is capital appreciation.

Voya Global Equity Dividend & Premium Opportunity trades on the NYSE stock market under the symbol IGD.

As of April 19, 2024, IGD stock price declined to $5.00 with 192,438 million shares trading.

IGD has a beta of 0.63, meaning it tends to be less sensitive to market movements. IGD has a correlation of 0.45 to the broad based SPY ETF.

IGD has a market cap of $397.07 million. This is considered a Small Cap stock.

In the last 3 years, IGD stock traded as high as $6.37 and as low as $4.60.

IGD has underperformed the market in the last year with a return of +6.8%, while the SPY ETF gained +21.2%. In the last 3 month period, IGD fell short of the market, returning -0.2%, while SPY returned +4.3%. However, in the most recent 2 weeks IGD has outperformed the stock market by returning -2.7%, while SPY returned -3.5%.

IGD support price is $4.96 and resistance is $5.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGD stock will trade within this expected range on the day.