Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Free Report) announced a monthly dividend on Friday, September 25th. Investors of record on Tuesday, October 13th will be given a dividend of $0.0725 per share on Monday, November 2nd. This represents a $0.87 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 0.1% decrease from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.0726.
Allspring Multi-Sector Income Fund Trading Up 0.2%
Allspring Multi-Sector Income Fund stock traded up $0.02 during trading hours on Friday, reaching $8.66. 34,980 shares of the stock were exchanged, compared to its average volume of 72,502. Allspring Multi-Sector Income Fund has a twelve month low of $8.61 and a twelve month high of $9.77. The stock has a 50 day moving average of $9.12 and a two-hundred day moving average of $9.09.
Institutional Investors Weigh In On Allspring Multi-Sector Income Fund
A number of large investors have recently modified their holdings of ERC. Sit Investment Associates Inc. grew its position in Allspring Multi-Sector Income Fund by 20.2% during the 4th quarter. Sit Investment Associates Inc. now owns 3,060,969 shares of the company’s stock worth $28,467,000 after acquiring an additional 514,147 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Allspring Multi-Sector Income Fund in the second quarter valued at about $1,191,000. Independent Financial Group LLC bought a new position in Allspring Multi-Sector Income Fund in the first quarter valued at about $690,000. Bank of America Corp DE acquired a new stake in shares of Allspring Multi-Sector Income Fund during the second quarter valued at about $634,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Allspring Multi-Sector Income Fund during the first quarter valued at about $596,000.
About Allspring Multi-Sector Income Fund
Allspring Multi-Sector Income Fund is a closed-end investment fund traded on the NYSE American under the symbol ERC. The fund seeks to provide investors with a high level of current income by investing in a diversified portfolio of fixed-income securities across multiple sectors of the global bond market.
Its portfolio may include corporate bonds, high-yield securities, government and sovereign debt, emerging-market debt, bank loans, mortgage-related securities and other income-producing instruments.
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