Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.55 and traded as high as $6.58. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.57, with a volume of 83,098 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.3%

The stock’s fifty day moving average price is $6.55 and its 200-day moving average price is $6.72.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a $0.0534 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Large investors have recently made changes to their positions in the stock. Peak Planning Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $8,062,000. Sit Investment Associates Inc. grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock valued at $10,982,000 after acquiring an additional 311,355 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $832,000. Corient Private Wealth LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $819,000. Finally, Adapt Wealth Advisors LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at about $759,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.