Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) 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 $6.99. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.95, with a volume of 151,489 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.1 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date is Monday, January 13th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Choreo LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $150,000. Thoroughbred Financial Services LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth approximately $72,000. Envestnet Asset Management Inc. raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock worth $2,241,000 after purchasing an additional 24,547 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at approximately $94,000. Finally, Shaker Financial Services LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the third quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock valued at $4,469,000 after buying an additional 3,429 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.