Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Share Price Passes Above 200-Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $10.57. Allspring Utilities and High Income Fund shares last traded at $10.55, with a volume of 15,111 shares traded.

Allspring Utilities and High Income Fund Stock Up 0.4 %

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.0621 per share. This represents a $0.74 dividend on an annualized basis and a yield of 7.03%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Trading of Allspring Utilities and High Income Fund

Several hedge funds have recently modified their holdings of the business. Logan Stone Capital LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at approximately $375,000. Robinson Capital Management LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 23.1% in the 1st quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock valued at $523,000 after buying an additional 10,310 shares during the period. Cornerstone Advisors LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 18.1% in the 1st quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock valued at $1,212,000 after buying an additional 19,708 shares during the period. ORG Partners LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at approximately $86,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at approximately $94,000.

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.