Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Above 50-Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $6.99. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.95, with a volume of 151,489 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 9.18%. The ex-dividend date of this dividend is Monday, January 13th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EAD. Thoroughbred Financial Services LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $72,000. Jane Street Group LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter worth approximately $73,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter worth approximately $94,000. Avior Wealth Management LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the 3rd quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock worth $96,000 after acquiring an additional 4,977 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $150,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.