Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.99. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.95, with a volume of 151,489 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a $0.0533 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.64 annualized dividend and a dividend yield of 9.20%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 5.7% during the 4th quarter. Park Avenue Securities LLC now owns 181,824 shares of the closed-end fund’s stock worth $1,253,000 after acquiring an additional 9,817 shares during the last quarter. Jane Street Group LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $73,000. Avior Wealth Management LLC increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the third quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock valued at $96,000 after purchasing an additional 4,977 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% during the 3rd quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock worth $9,121,000 after buying an additional 453,308 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the 3rd quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock worth $4,469,000 after buying an additional 3,429 shares during the last quarter.

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.