Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Passes Above 50-Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $7.03. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $7.01, with a volume of 134,246 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.0534 per share. The ex-dividend date is Thursday, February 13th. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.14%.

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

A number of institutional investors have recently modified their holdings of EAD. Pathstone Holdings LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.6% during the fourth quarter. Pathstone Holdings LLC now owns 1,504,521 shares of the closed-end fund’s stock valued at $10,361,000 after buying an additional 225,391 shares during the period. Bank of America Corp DE lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 88.8% during the fourth quarter. Bank of America Corp DE now owns 67,445 shares of the closed-end fund’s stock worth $465,000 after buying an additional 31,729 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.3% during the fourth quarter. Ameriprise Financial Inc. now owns 69,691 shares of the closed-end fund’s stock worth $480,000 after buying an additional 4,119 shares during the period. Shaker Financial Services LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.2% during the fourth quarter. Shaker Financial Services LLC now owns 635,994 shares of the closed-end fund’s stock worth $4,416,000 after buying an additional 13,753 shares during the period. Finally, Guggenheim Capital LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the fourth quarter. Guggenheim Capital LLC now owns 859,463 shares of the closed-end fund’s stock valued at $5,922,000 after purchasing an additional 165,118 shares during the period.

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.