Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Above Fifty Day Moving Average – Here’s Why

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.80 and traded as high as $6.86. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.86, with a volume of 216,058 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

The firm’s fifty day moving average is $6.80 and its 200-day moving average is $6.94.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a $0.0535 dividend. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Monday, January 12th.

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

Several institutional investors have recently added to or reduced their stakes in EAD. Strategic Advocates LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $32,000. CoreCap Advisors LLC lifted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% during the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock worth $43,000 after acquiring an additional 3,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at about $67,000. Oppenheimer & Co. Inc. purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at about $101,000. Finally, Allworth Financial LP acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter valued at about $116,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.