Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Saba Capital Management, L.P., a prominent investment firm, has made significant acquisitions in the Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE), according to a recent SEC filing. Over two consecutive days, the firm purchased a total of 27,653 shares of common stock, amounting to approximately $178,353. The transactions occurred on May 13 and May 14, with purchase prices ranging from $6.43 to $6.51 per share. The fund, currently trading at $6.57, offers an attractive dividend yield of 11.87% and has demonstrated strong momentum with a 17.09% return over the past year.
Following these transactions, Saba Capital’s ownership in the fund increased to 1,784,169 shares. The acquisitions reflect a continued interest by Saba Capital in the fund, which focuses on high dividend equity income from the Asia Pacific region. With a market capitalization of $72.17 million and a "GREAT" financial health score according to InvestingPro, the fund has maintained consistent dividend payments for 19 consecutive years. InvestingPro analysis reveals additional insights about the fund’s performance and outlook, with multiple key indicators available to subscribers.
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