Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Cross Below 50-Day Moving Average – Should You Sell?

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.82 and traded as low as $6.66. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.70, with a volume of 235,863 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

The business’s 50 day moving average is $6.82 and its two-hundred day moving average is $6.89.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be given a $0.0535 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Thursday, March 12th.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock valued at $352,000 after purchasing an additional 1,420 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock worth $112,000 after purchasing an additional 2,113 shares during the period. Luken Investment Analytics LLC boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.6% in the 4th quarter. Luken Investment Analytics LLC now owns 141,478 shares of the closed-end fund’s stock worth $959,000 after purchasing an additional 2,244 shares during the period. Mariner LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.3% during the 4th quarter. Mariner LLC now owns 20,496 shares of the closed-end fund’s stock valued at $139,000 after buying an additional 2,568 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% during the fourth quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after buying an additional 3,000 shares during the last quarter.

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.