Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.82 and traded as high as $6.89. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.89, with a volume of 197,606 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.6%

The company has a fifty day moving average price of $6.82 and a 200 day moving average price of $6.92.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 9.3%.

Hedge Funds Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Several institutional investors have recently modified their holdings of EAD. Strategic Advocates LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at about $32,000. CoreCap Advisors LLC increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the fourth quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after purchasing an additional 3,000 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at approximately $67,000. Oppenheimer & Co. Inc. acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth approximately $101,000. Finally, Global Retirement Partners LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth approximately $113,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.