Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.99 and traded as high as $12.55. Allspring Utilities and High Income Fund shares last traded at $12.54, with a volume of 19,426 shares trading hands.

Allspring Utilities and High Income Fund Stock Up 1.5%

The stock’s fifty day simple moving average is $12.60 and its two-hundred day simple moving average is $11.99.

Allspring Utilities and High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a dividend of $0.0838 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 11th.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of ERH. 1607 Capital Partners LLC grew its holdings in shares of Allspring Utilities and High Income Fund by 1.8% during the 1st quarter. 1607 Capital Partners LLC now owns 366,634 shares of the company’s stock worth $4,040,000 after purchasing an additional 6,570 shares during the period. Zimmer Partners LP lifted its position in Allspring Utilities and High Income Fund by 145.5% during the first quarter. Zimmer Partners LP now owns 128,803 shares of the company’s stock valued at $1,419,000 after buying an additional 76,334 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Allspring Utilities and High Income Fund by 4.7% during the second quarter. Level Four Advisory Services LLC now owns 20,151 shares of the company’s stock worth $233,000 after buying an additional 910 shares during the period. Tactive Advisors LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the second quarter worth $154,000. Finally, CX Institutional acquired a new stake in shares of Allspring Utilities and High Income Fund in the third quarter worth $27,000.

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.