Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.97 and traded as high as $5.01. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund shares last traded at $4.93, with a volume of 79,496 shares.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Trading Down 1.9 %

The stock has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $4.97.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.1243 dividend. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 9.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. lifted its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.8% in the 4th quarter. Saba Capital Management L.P. now owns 1,886,968 shares of the closed-end fund’s stock worth $9,378,000 after purchasing an additional 15,415 shares during the period. Cetera Investment Advisers raised its stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 17.9% in the fourth quarter. Cetera Investment Advisers now owns 44,319 shares of the closed-end fund’s stock worth $220,000 after buying an additional 6,742 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the fourth quarter worth $2,308,000. Cary Street Partners Financial LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund during the 4th quarter valued at $50,000. Finally, Bank of America Corp DE increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 6.8% in the 4th quarter. Bank of America Corp DE now owns 854,475 shares of the closed-end fund’s stock valued at $4,247,000 after acquiring an additional 54,639 shares during the period.

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund is a closed-ended equity 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 markets across the globe.