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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.34. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.33, with a volume of 121,572 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.2 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be given a $0.0517 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.62 annualized dividend and a dividend yield of 9.81%. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AQR Arbitrage LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% in the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after acquiring an additional 325,952 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.1% in the 1st quarter. Thrivent Financial for Lutherans now owns 381,884 shares of the closed-end fund’s stock worth $2,417,000 after buying an additional 4,286 shares during the last quarter. UBS Group AG grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% in the 2nd quarter. UBS Group AG now owns 358,239 shares of the closed-end fund’s stock worth $2,325,000 after buying an additional 2,052 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 12.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 309,141 shares of the closed-end fund’s stock worth $2,016,000 after buying an additional 35,232 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth approximately $1,715,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.