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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.66 and traded as high as $6.70. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.70, with a volume of 174,926 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.3%

The business’s 50-day simple moving average is $6.66 and its 200 day simple moving average is $6.79.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.0534 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

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

A number of large investors have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter worth approximately $819,000. Sit Investment Associates Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after buying an additional 311,355 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock worth $6,531,000 after purchasing an additional 11,827 shares during the last quarter. Readystate Asset Management LP lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 35.9% during the 4th quarter. Readystate Asset Management LP now owns 87,559 shares of the closed-end fund’s stock worth $594,000 after purchasing an additional 23,115 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock worth $7,076,000 after purchasing an additional 62,895 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.