Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.82 and traded as high as $6.85. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.83, with a volume of 203,375 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

The business has a fifty day moving average of $6.82 and a 200-day moving average of $6.93.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, January 12th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 326.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,379 shares of the closed-end fund’s stock worth $394,000 after purchasing an additional 42,404 shares during the period. PFG Investments LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 36.7% in the 2nd quarter. PFG Investments LLC now owns 59,219 shares of the closed-end fund’s stock valued at $418,000 after purchasing an additional 15,885 shares during the period. Luken Investment Analytics LLC increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% in the 2nd quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock worth $939,000 after purchasing an additional 90,929 shares in 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 buying an additional 1,500 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,980 shares of the closed-end fund’s stock worth $2,125,000 after buying an additional 8,548 shares during the period.

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.