Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Passes Above 200 Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $8.87. Allspring Utilities and High Income Fund shares last traded at $8.81, with a volume of 21,275 shares traded.

Allspring Utilities and High Income Fund Trading Down 0.2 %

Allspring Utilities and High Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 12th will be given a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date is Thursday, April 11th.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

A number of hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in Allspring Utilities and High Income Fund in the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new stake in Allspring Utilities and High Income Fund in the 3rd quarter valued at about $53,000. Wolverine Asset Management LLC increased its position in Allspring Utilities and High Income Fund by 254.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 9,422 shares of the company’s stock valued at $82,000 after acquiring an additional 6,764 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Allspring Utilities and High Income Fund in the 3rd quarter valued at about $112,000. Finally, Susquehanna International Group LLP acquired a new stake in Allspring Utilities and High Income Fund in the 4th quarter valued at about $142,000.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.