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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $7.03. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $7.01, with a volume of 134,246 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.0534 dividend. This represents a $0.64 annualized dividend and a dividend yield of 9.14%. 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 Thursday, February 13th.

Institutional Investors Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Institutional investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $57,000. Jane Street Group LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at about $73,000. Apollon Wealth Management LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $82,000. Landscape Capital Management L.L.C. bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $87,000. Finally, Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $91,000.

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.