Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) Share Price Passes Above 200-Day Moving Average of $0.00

Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $12.99. Wells Fargo Utilities and High Incm Fund shares last traded at $12.99, with a volume of 12,402 shares traded.

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, July 14th will be issued a $0.0796 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.95 dividend on an annualized basis and a yield of 7.35%.

A number of large investors have recently added to or reduced their stakes in ERH. Advisor Group Holdings Inc. acquired a new position in Wells Fargo Utilities and High Incm Fund during the first quarter valued at approximately $197,000. Cambridge Investment Research Advisors Inc. grew its holdings in Wells Fargo Utilities and High Incm Fund by 13.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,769 shares of the company’s stock valued at $226,000 after purchasing an additional 2,386 shares during the last quarter. Finally, UBS Group AG grew its holdings in Wells Fargo Utilities and High Incm Fund by 4.7% during the fourth quarter. UBS Group AG now owns 59,917 shares of the company’s stock valued at $837,000 after purchasing an additional 2,685 shares during the last quarter.

About Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.

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