Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) 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 $6.91. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.89, with a volume of 150,157 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.0527 dividend. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, November 12th. This represents a $0.63 annualized dividend and a dividend yield of 9.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAD. Thoroughbred Financial Services LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at approximately $72,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at $94,000. Choreo LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at $150,000. Integrated Capital Management Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after acquiring an additional 4,828 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock valued at $1,175,000 after acquiring an additional 2,536 shares in the last quarter.

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.