Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.64 and traded as high as $5.91. Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund shares last traded at $5.9050, with a volume of 159,771 shares changing hands.

Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund Stock Performance

The stock has a 50 day simple moving average of $5.79 and a 200 day simple moving average of $5.64.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a $0.1315 dividend. This represents a $0.53 annualized dividend and a yield of 8.9%. This is a positive change from Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 2.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,452,235 shares of the closed-end fund’s stock valued at $13,978,000 after purchasing an additional 65,913 shares in the last quarter. Pathstone Holdings LLC boosted its position in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 82.9% in the 3rd quarter. Pathstone Holdings LLC now owns 1,392,891 shares of the closed-end fund’s stock valued at $7,939,000 after buying an additional 631,362 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 16.9% in the third quarter. Raymond James Financial Inc. now owns 920,693 shares of the closed-end fund’s stock valued at $5,248,000 after purchasing an additional 133,151 shares during the last quarter. Invesco Ltd. grew its position in shares of Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 13.5% during the third quarter. Invesco Ltd. now owns 789,816 shares of the closed-end fund’s stock worth $4,502,000 after buying an additional 93,997 shares in the last quarter. Finally, Karpus Management Inc. grew its holdings in Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund by 0.3% during the 2nd quarter. Karpus Management Inc. now owns 780,541 shares of the closed-end fund’s stock worth $4,207,000 after acquiring an additional 2,168 shares in the last quarter.

About Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund

The Wells Fargo Advantage Funds – Allspring Global Dividend Opportunity Fund (NYSE:EOD) is a closed-end management investment company focused on providing investors with exposure to dividend-paying equities across both developed and emerging markets. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of current income along with the potential for capital appreciation by investing in a diversified portfolio of global stocks.

Advised by Allspring Global Investments, the fund employs a bottom-up research process to identify companies with strong dividend track records, sustainable payout ratios and attractive growth prospects.