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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.93 and traded as high as $6.96. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.92, with a volume of 173,016 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.4 %

The stock has a 50-day moving average price of $6.93.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.0535 dividend. The ex-dividend date is Thursday, March 13th. This represents a yield of 9%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. VSM Wealth Advisory LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at approximately $57,000. Jane Street Group LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at approximately $73,000. Apollon Wealth Management LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at approximately $82,000. Landscape Capital Management L.L.C. bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at approximately $87,000. Finally, Siligmueller & Norvid Wealth Advisors LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at approximately $91,000.

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.