Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.00. Allspring Utilities and High Income Fund shares last traded at $10.91, with a volume of 12,153 shares changing hands.

Allspring Utilities and High Income Fund Price Performance

The company’s 50-day moving average is $10.99.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0772 per share. This represents a yield of 7.1%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of Allspring Utilities and High Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Allspring Utilities and High Income Fund in the 4th quarter worth approximately $110,000. Level Four Advisory Services LLC boosted its holdings in Allspring Utilities and High Income Fund by 36.6% in the fourth quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock worth $170,000 after purchasing an additional 4,252 shares during the period. Zimmer Partners LP bought a new stake in Allspring Utilities and High Income Fund during the fourth quarter valued at $562,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Allspring Utilities and High Income Fund by 159.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after purchasing an additional 43,571 shares during the period. Finally, Saba Capital Management L.P. lifted its position in shares of Allspring Utilities and High Income Fund by 36.2% in the 4th quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after buying an additional 99,408 shares during the last quarter.

About Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.