Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Passes Above 200-Day Moving Average – Here’s Why

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $10.79. Allspring Utilities and High Income Fund shares last traded at $10.79, with a volume of 27,833 shares.

Allspring Utilities and High Income Fund Price Performance

The company’s fifty day moving average price is $10.95.

Allspring Utilities and High Income Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.0772 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 7.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. grew its stake in Allspring Utilities and High Income Fund by 36.2% during the 4th quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after buying an additional 99,408 shares during the last quarter. Zimmer Partners LP purchased a new position in Allspring Utilities and High Income Fund during the 4th quarter worth approximately $562,000. Blue Bell Private Wealth Management LLC grew its stake in Allspring Utilities and High Income Fund by 159.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after buying an additional 43,571 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Allspring Utilities and High Income Fund during the 4th quarter worth approximately $110,000. Finally, Level Four Advisory Services LLC grew its stake in Allspring Utilities and High Income Fund by 36.6% during the 4th quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock worth $170,000 after buying an additional 4,252 shares during the last quarter.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed 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.