Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) to Issue $0.05 Monthly Dividend

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Friday, July 31st. Investors of record on Thursday, August 13th will be paid a dividend of 0.0533 per share by the closed-end fund on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Thursday, August 13th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

NYSEAMERICAN:EAD remained flat at $6.30 during midday trading on Friday. The company had a trading volume of 423,082 shares, compared to its average volume of 202,178. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $6.24 and a 52 week high of $7.15. The company’s 50 day simple moving average is $6.44 and its 200-day simple moving average is $6.59.

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

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% during the first quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock worth $468,000 after buying an additional 2,116 shares during the period. Cetera Investment Advisers increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 399.9% in the 1st quarter. Cetera Investment Advisers now owns 77,372 shares of the closed-end fund’s stock valued at $501,000 after acquiring an additional 61,894 shares during the period. Corient Private Wealth LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth $819,000. Sit Investment Associates Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after acquiring an additional 311,355 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock worth $6,531,000 after purchasing an additional 11,827 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.