Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Below 50 Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.82 and traded as low as $6.80. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.82, with a volume of 147,152 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.3%

The company’s 50 day moving average price is $6.82 and its 200-day moving average price is $6.96.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a $0.0535 dividend. The ex-dividend date is Monday, January 12th. This represents a c) annualized dividend and a yield of 9.4%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% during the second quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock valued at $7,034,000 after acquiring an additional 57,362 shares during the last quarter. Invesco Ltd. grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.0% in the 3rd quarter. Invesco Ltd. now owns 951,416 shares of the closed-end fund’s stock valued at $6,669,000 after purchasing an additional 54,052 shares during the period. Shaker Financial Services LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.3% during the 2nd quarter. Shaker Financial Services LLC now owns 587,142 shares of the closed-end fund’s stock valued at $4,177,000 after purchasing an additional 24,002 shares during the last quarter. UBS Group AG increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.6% during the 3rd quarter. UBS Group AG now owns 369,211 shares of the closed-end fund’s stock valued at $2,588,000 after purchasing an additional 9,416 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,980 shares of the closed-end fund’s stock worth $2,125,000 after purchasing an additional 8,548 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.