Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.87 and traded as low as $6.55. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.55, with a volume of 134,262 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

The business has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $6.87.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.0535 per share. The ex-dividend date is Thursday, March 12th. This represents a c) annualized dividend and a yield of 9.8%.

Hedge Funds 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 stock. Allworth Financial LP acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $116,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 151.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 37,312 shares of the closed-end fund’s stock worth $263,000 after buying an additional 22,465 shares during the period. Invesco Ltd. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the second quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after acquiring an additional 87,577 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% in the second quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock valued at $7,034,000 after acquiring an additional 57,362 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% in 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.

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.