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

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 $6.99. 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 Trading Up 0.1 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date is Monday, January 13th.

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

A number of institutional investors have recently bought and sold shares of the business. Pathstone Holdings LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the 3rd quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock valued at $9,121,000 after purchasing an additional 453,308 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock valued at $2,241,000 after acquiring an additional 24,547 shares during the last quarter. Choreo LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at approximately $150,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at approximately $94,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at approximately $72,000.

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.