Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Shares Pass Above 200 Day Moving Average – What’s Next?

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.19 and traded as high as $5.65. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund shares last traded at $5.62, with a volume of 129,224 shares changing hands.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Trading Down 0.4%

The company has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $5.19.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a $0.1267 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 9.0%. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOD. Karpus Management Inc. lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% during the 2nd quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock valued at $4,207,000 after buying an additional 2,168 shares during the period. Captrust Financial Advisors lifted its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,275 shares of the closed-end fund’s stock worth $66,000 after purchasing an additional 2,275 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 28.0% in the 1st quarter. Dakota Wealth Management now owns 13,720 shares of the closed-end fund’s stock worth $68,000 after buying an additional 3,000 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 10.4% in the 1st quarter. Cetera Investment Advisers now owns 48,909 shares of the closed-end fund’s stock worth $242,000 after buying an additional 4,590 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 7.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,451 shares of the closed-end fund’s stock worth $444,000 after purchasing an additional 5,569 shares during the period.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Company Profile

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund is a closed-ended equity 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 markets across the globe.