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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $10.75. Allspring Utilities and High Income Fund shares last traded at $10.69, with a volume of 16,239 shares changing hands.

Allspring Utilities and High Income Fund Trading Up 0.5 %

Allspring Utilities and High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.0621 dividend. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.74 annualized dividend and a yield of 6.97%.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. 1607 Capital Partners LLC boosted its stake in Allspring Utilities and High Income Fund by 6.7% during the 4th quarter. 1607 Capital Partners LLC now owns 445,064 shares of the company’s stock worth $4,099,000 after acquiring an additional 27,996 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in shares of Allspring Utilities and High Income Fund by 18.1% in the 1st quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock valued at $1,212,000 after buying an additional 19,708 shares during the period. Robinson Capital Management LLC increased its position in shares of Allspring Utilities and High Income Fund by 23.1% in the 1st quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock valued at $523,000 after buying an additional 10,310 shares in the last quarter. Principal Securities Inc. bought a new position in Allspring Utilities and High Income Fund during the fourth quarter worth about $425,000. Finally, Logan Stone Capital LLC bought a new position in Allspring Utilities and High Income Fund during the second quarter worth about $375,000.

About Allspring Utilities and High Income Fund

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.