Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $6.34. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.33, with a volume of 121,572 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be issued a dividend of $0.0517 per share. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, April 11th. This represents a $0.62 annualized dividend and a dividend yield of 9.82%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAD. MML Investors Services LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 27,174 shares of the closed-end fund’s stock valued at $175,000 after buying an additional 1,856 shares during the last quarter. West Michigan Advisors LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 20.0% in the 1st quarter. West Michigan Advisors LLC now owns 12,000 shares of the closed-end fund’s stock valued at $95,000 after buying an additional 2,000 shares in the last quarter. UBS Group AG boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the second quarter. UBS Group AG now owns 358,239 shares of the closed-end fund’s stock valued at $2,325,000 after purchasing an additional 2,052 shares in the last quarter. Northern Trust Corp boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.5% in the 2nd quarter. Northern Trust Corp now owns 14,201 shares of the closed-end fund’s stock valued at $92,000 after buying an additional 2,118 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 150,731 shares of the closed-end fund’s stock worth $935,000 after purchasing an additional 2,227 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.