Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EADGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.50 and traded as low as $6.47. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.49, with a volume of 282,688 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.2%

The business has a fifty day moving average price of $6.50 and a 200 day moving average price of $6.64.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.0534 dividend. The ex-dividend date is Friday, July 10th. This represents a c) annualized dividend and a yield of 9.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after purchasing an additional 311,355 shares in the last quarter. Peak Planning Group LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at about $8,062,000. Guggenheim Capital LLC raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock valued at $7,076,000 after buying an additional 62,895 shares during the period. Invesco Ltd. raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock valued at $6,531,000 after buying an additional 11,827 shares during the period. Finally, Shaker Financial Services LLC lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 16.4% during the 4th quarter. Shaker Financial Services LLC now owns 586,829 shares of the closed-end fund’s stock worth $4,005,000 after acquiring an additional 82,826 shares in the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

(Get Free Report)

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.

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