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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.54 and traded as low as $6.37. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.39, with a volume of 290,814 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

The company’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $6.66.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a dividend of $0.0534 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a yield of 10.0%. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Advocates LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at approximately $32,000. CoreCap Advisors LLC lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock worth $43,000 after purchasing an additional 3,000 shares during the period. Rothschild Wealth LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter worth approximately $90,000. Oppenheimer & Co. Inc. boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth $113,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.