Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.82 and traded as high as $6.87. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.85, with a volume of 160,948 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Down 0.1%

The business’s fifty day simple moving average is $6.82 and its 200 day simple moving average is $6.92.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be issued a $0.0535 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the second quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after acquiring an additional 1,420 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 58,690 shares of the closed-end fund’s stock worth $414,000 after purchasing an additional 1,500 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% during 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 last quarter. Luken Investment Analytics LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.6% during the 4th quarter. Luken Investment Analytics LLC now owns 141,478 shares of the closed-end fund’s stock valued at $959,000 after purchasing an additional 2,244 shares during the period. Finally, Mariner LLC boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.3% in the 4th quarter. Mariner LLC now owns 20,496 shares of the closed-end fund’s stock valued at $139,000 after purchasing an additional 2,568 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.