Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.99. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.95, with a volume of 151,489 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.1 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.0533 per share. The ex-dividend date is Monday, January 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EAD. Thoroughbred Financial Services LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth $72,000. Jane Street Group LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at about $73,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at about $94,000. Avior Wealth Management LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the third quarter. Avior Wealth Management LLC now owns 13,495 shares of the closed-end fund’s stock valued at $96,000 after purchasing an additional 4,977 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $150,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.