Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Below 200 Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.53 and traded as low as $6.36. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.38, with a volume of 209,630 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.2%

The company has a fifty day simple moving average of $6.40 and a 200-day simple moving average of $6.53.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.0531 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

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

Several institutional investors and hedge funds have recently bought and sold shares of EAD. Invesco Ltd. grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the 2nd quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after buying an additional 87,577 shares during the period. NewEdge Advisors LLC grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% in the second quarter. NewEdge Advisors LLC now owns 49,820 shares of the closed-end fund’s stock worth $352,000 after acquiring an additional 1,420 shares during the period. Jane Street Group LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth approximately $116,000. Ameriprise Financial Inc. increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 53,100 shares of the closed-end fund’s stock worth $375,000 after acquiring an additional 4,076 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.6% during the second quarter. Osaic Holdings Inc. now owns 96,475 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 6,846 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.