Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.93 and traded as high as $6.96. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.92, with a volume of 173,016 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.7 %

The firm has a 50-day moving average of $6.93.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0535 per share. This represents a dividend yield of 9%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 62.5% during the fourth quarter. Sit Investment Associates Inc. now owns 1,251,181 shares of the closed-end fund’s stock worth $8,621,000 after acquiring an additional 481,101 shares during the last quarter. Pathstone Holdings LLC boosted its stake in 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 acquiring an additional 453,308 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the 4th quarter. Guggenheim Capital LLC now owns 859,463 shares of the closed-end fund’s stock worth $5,922,000 after acquiring an additional 165,118 shares during the period. Raymond James Financial Inc. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth $506,000. Finally, Invesco Ltd. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.9% during the fourth quarter. Invesco Ltd. now owns 784,111 shares of the closed-end fund’s stock worth $5,403,000 after purchasing an additional 36,335 shares during the period.

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.