Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $6.41. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.39, with a volume of 135,333 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.9 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be given a $0.0517 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.62 dividend on an annualized basis and a yield of 9.72%. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Several institutional investors and hedge funds have recently modified their holdings of EAD. Advisor Partners II LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $701,000. UBS Group AG grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after purchasing an additional 11,807 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 53.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 202,124 shares of the closed-end fund’s stock worth $1,233,000 after purchasing an additional 70,486 shares in the last quarter. AQR Arbitrage LLC grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% during the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after purchasing an additional 325,952 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during the 4th quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 3,800 shares in 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.