Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Down 1.3% – Here’s What Happened

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price fell 1.3% during mid-day trading on Thursday. The company traded as low as $6.01 and last traded at $6.03. Approximately 243,474 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 229,783 shares. The stock had previously closed at $6.11.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

The stock has a 50 day moving average price of $6.10 and a 200-day moving average price of $6.45.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be issued a $0.0527 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Thursday, November 12th. This is a decrease from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.0529.

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

Large investors have recently modified their holdings of the business. Readystate Asset Management LP acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the second quarter worth about $625,000. Commonwealth Equity Services LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 9.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 91,995 shares of the closed-end fund’s stock valued at $553,000 after acquiring an additional 7,593 shares during the last quarter. Calamos Advisors LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 65.5% in the 3rd quarter. Calamos Advisors LLC now owns 85,431 shares of the closed-end fund’s stock valued at $513,000 after acquiring an additional 33,814 shares during the last quarter. Cetera Investment Advisers raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 399.9% in the 1st quarter. Cetera Investment Advisers now owns 77,372 shares of the closed-end fund’s stock valued at $501,000 after acquiring an additional 61,894 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% in the 1st quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock valued at $468,000 after acquiring an additional 2,116 shares during the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-end investment fund traded on the NYSE American under the symbol EAD. The fund seeks to provide investors with a high level of current income and, as a secondary objective, capital appreciation.

The fund invests primarily in a diversified portfolio of income-producing securities. These may include high-yield corporate bonds, bank loans, and other fixed-income instruments issued by companies and governments. Its portfolio may include below-investment-grade securities, which can offer higher income but generally involve greater credit and market risk.

The fund is advised and managed within the Allspring family of investment companies.