Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.50 and traded as low as $6.47. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.49, with a volume of 282,688 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

The company’s fifty day moving average is $6.49 and its two-hundred day moving average is $6.64.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.0534 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, July 10th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Strategic Advocates LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at $32,000. CoreCap Advisors LLC raised its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% during the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after buying an additional 3,000 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at about $90,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock valued at $112,000 after buying an additional 2,113 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $113,000.

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.