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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Friday, March 27th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.0534 per share by the closed-end fund on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Friday, April 10th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 1.4%

Shares of EAD stock traded down $0.09 during trading on Friday, hitting $6.29. The company had a trading volume of 250,172 shares, compared to its average volume of 170,533. The stock’s 50-day moving average is $6.76 and its two-hundred day moving average is $6.84. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $5.89 and a 52 week high of $7.18.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock valued at $10,982,000 after acquiring an additional 311,355 shares in the last quarter. Peak Planning Group LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at $8,062,000. Guggenheim Capital LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock worth $7,076,000 after purchasing an additional 62,895 shares in the last quarter. Invesco Ltd. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% in 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 in the last quarter. Finally, Shaker Financial Services LLC lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 16.4% in the 4th quarter. Shaker Financial Services LLC now owns 586,829 shares of the closed-end fund’s stock worth $4,005,000 after purchasing an additional 82,826 shares during the period.

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.