Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Trading 0.3% Higher – Should You Buy?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price shot up 0.3% during trading on Thursday . The stock traded as high as $7.04 and last traded at $7.04. 168,109 shares were traded during mid-day trading, a decline of 0% from the average session volume of 168,231 shares. The stock had previously closed at $7.02.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be given a $0.0531 dividend. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.64 annualized dividend and a dividend yield of 9.02%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the third quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock valued at $9,121,000 after buying an additional 453,308 shares in the last quarter. Shaker Financial Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% in the 3rd quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock valued at $4,469,000 after acquiring an additional 3,429 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock valued at $2,241,000 after acquiring an additional 24,547 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock worth $1,175,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth $150,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.