Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $9.22. Allspring Utilities and High Income Fund shares last traded at $9.22, with a volume of 48,447 shares trading hands.

Allspring Utilities and High Income Fund Trading Up 1.0 %

Allspring Utilities and High Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be given a $0.0628 dividend. This represents a $0.75 annualized dividend and a dividend yield of 8.17%. The ex-dividend date is Thursday, April 11th.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Several large investors have recently added to or reduced their stakes in the business. ORG Partners LLC bought a new stake in Allspring Utilities and High Income Fund during the third quarter valued at $53,000. Wolverine Asset Management LLC boosted its stake in Allspring Utilities and High Income Fund by 254.5% during the third quarter. Wolverine Asset Management LLC now owns 9,422 shares of the company’s stock valued at $82,000 after buying an additional 6,764 shares during the period. Nations Financial Group Inc. IA ADV bought a new stake in Allspring Utilities and High Income Fund during the first quarter worth about $94,000. Arlington Capital Management Inc. bought a new stake in Allspring Utilities and High Income Fund during the fourth quarter worth about $147,000. Finally, 1607 Capital Partners LLC lifted its stake in Allspring Utilities and High Income Fund by 6.7% during the fourth quarter. 1607 Capital Partners LLC now owns 445,064 shares of the company’s stock worth $4,099,000 after purchasing an additional 27,996 shares during the last quarter.

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.