Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed 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.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a $0.0533 dividend. This represents a $0.64 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Monday, January 13th.

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

Large investors have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter valued at $72,000. Jane Street Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $73,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $94,000. Avior Wealth Management LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 58.4% in the 3rd 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 stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter valued at $150,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.