Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.37. Allspring Utilities and High Income Fund shares last traded at $11.33, with a volume of 13,329 shares trading hands.

Allspring Utilities and High Income Fund Trading Down 0.5 %

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.0763 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. This represents a $0.92 dividend on an annualized basis and a yield of 8.08%.

Institutional Trading of Allspring Utilities and High Income Fund

Hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. boosted its holdings in shares of Allspring Utilities and High Income Fund by 36.2% during the 4th quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after purchasing an additional 99,408 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Allspring Utilities and High Income Fund by 157.1% during the third quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock worth $919,000 after buying an additional 50,307 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Allspring Utilities and High Income Fund by 159.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after buying an additional 43,571 shares during the last quarter. Zimmer Partners LP purchased a new stake in Allspring Utilities and High Income Fund in the 4th quarter valued at $562,000. Finally, Level Four Advisory Services LLC increased its stake in shares of Allspring Utilities and High Income Fund by 36.6% in the 4th quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock worth $170,000 after acquiring an additional 4,252 shares during the last quarter.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.