Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $9.22. Allspring Utilities and High Income Fund shares last traded at $9.22, with a volume of 48,447 shares trading hands.

Allspring Utilities and High Income Fund Stock Up 1.0 %

Allspring Utilities and High Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be issued a $0.0628 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. ORG Partners LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the 3rd quarter valued at about $53,000. Wolverine Asset Management LLC boosted its position in shares of Allspring Utilities and High Income Fund by 254.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 9,422 shares of the company’s stock valued at $82,000 after purchasing an additional 6,764 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at about $94,000. Arlington Capital Management Inc. acquired a new stake in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at about $147,000. Finally, Principal Securities Inc. acquired a new stake in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at about $425,000.

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.