Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Below 50 Day Moving Average – Time to Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EADGet Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.06 and traded as low as $6.90. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.95, with a volume of 147,389 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.7%

The business’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $6.90.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be paid a $0.0536 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 9.2%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Rareview Capital LLC lifted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 44.2% in the 1st quarter. Rareview Capital LLC now owns 347,402 shares of the closed-end fund’s stock worth $2,376,000 after purchasing an additional 106,520 shares during the last quarter. Luken Investment Analytics LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% in the 2nd quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock valued at $939,000 after buying an additional 90,929 shares in the last quarter. Invesco Ltd. lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the 2nd quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after purchasing an additional 87,577 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% during the second quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock worth $7,034,000 after purchasing an additional 57,362 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the first quarter worth $318,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

(Get Free Report)

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.

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