Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Crosses Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD – Get Rating) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.70. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.69, with a volume of 79,771 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.3 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, February 13th will be paid a $0.0514 dividend. The ex-dividend date is Friday, February 10th. This represents a $0.62 dividend on an annualized basis and a yield of 9.22%.

Hedge Funds Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of institutional investors have recently modified their holdings of EAD. Cambridge Investment Research Advisors Inc. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 215,011 shares of the closed-end fund’s stock valued at $1,333,000 after purchasing an additional 5,550 shares in the last quarter. Collaborative Wealth Managment Inc. purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter valued at about $255,000. Concourse Financial Group Securities Inc. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 21.6% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 14,065 shares of the closed-end fund’s stock valued at $92,000 after purchasing an additional 2,500 shares in the last quarter. Bramshill Investments LLC increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 45.6% in the 2nd quarter. Bramshill Investments LLC now owns 2,945,961 shares of the closed-end fund’s stock valued at $19,119,000 after purchasing an additional 922,783 shares in the last quarter. Finally, Marks Group Wealth Management Inc increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% in the 2nd quarter. Marks Group Wealth Management Inc now owns 165,245 shares of the closed-end fund’s stock valued at $1,072,000 after purchasing an additional 2,300 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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Allspring Income Opportunities Fund is a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA.