Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Below 200-Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD – Get Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.58 and traded as low as $6.38. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.41, with a volume of 143,979 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.5%

The business’s 50-day simple moving average is $6.42 and its 200 day simple moving average is $6.58.

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Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.0533 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

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

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% during the 2nd quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after acquiring an additional 87,577 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% in the 2nd quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after acquiring an additional 1,420 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth $116,000. Ameriprise Financial Inc. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,100 shares of the closed-end fund’s stock worth $375,000 after purchasing an additional 4,076 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% during the 2nd quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock worth $681,000 after purchasing an additional 6,846 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

(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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