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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $6.65. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.65, with a volume of 153,327 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.8 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.0519 per share. This represents a $0.62 annualized dividend and a dividend yield of 9.37%. The ex-dividend date of this dividend is Friday, May 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAD. NBC Securities Inc. boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during the 4th quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 3,800 shares during the last quarter. PFG Investments LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the first quarter worth approximately $351,000. Advisor Partners II LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $701,000. Easterly Investment Partners LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock valued at $964,000 after buying an additional 14,712 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 53.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 202,124 shares of the closed-end fund’s stock worth $1,233,000 after acquiring an additional 70,486 shares during the last quarter.

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.