Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.38 and traded as high as $5.74. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund shares last traded at $5.71, with a volume of 100,574 shares changing hands.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Trading Up 0.4%

The business’s fifty day simple moving average is $5.68 and its 200-day simple moving average is $5.38.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a $0.1267 dividend. The ex-dividend date of this dividend was Friday, September 12th. This is an increase from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a dividend yield of 8.9%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 11.4% in the second quarter. Advisors Asset Management Inc. now owns 2,386,322 shares of the closed-end fund’s stock worth $12,862,000 after purchasing an additional 244,215 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 22.2% in the second quarter. Raymond James Financial Inc. now owns 787,542 shares of the closed-end fund’s stock worth $4,245,000 after purchasing an additional 143,209 shares during the period. Karpus Management Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% in the second quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock worth $4,207,000 after purchasing an additional 2,168 shares during the period. Invesco Ltd. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 5.3% in the second quarter. Invesco Ltd. now owns 695,819 shares of the closed-end fund’s stock worth $3,750,000 after purchasing an additional 35,174 shares during the period. Finally, 1607 Capital Partners LLC increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 4.4% in the first quarter. 1607 Capital Partners LLC now owns 587,546 shares of the closed-end fund’s stock worth $2,908,000 after purchasing an additional 25,000 shares during the period.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Company Profile

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund is a closed-ended equity 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 markets across the globe.