Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.96 and traded as low as $6.84. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.90, with a volume of 83,773 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 1.0%

The company’s fifty day simple moving average is $6.90 and its 200 day simple moving average is $6.96.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be given a dividend of $0.0536 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Thursday, December 11th.

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

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 19.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 66,343 shares of the closed-end fund’s stock worth $466,000 after purchasing an additional 10,964 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter worth approximately $101,000. Fiera Capital Corp grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 12.6% in the 3rd quarter. Fiera Capital Corp now owns 126,027 shares of the closed-end fund’s stock worth $883,000 after buying an additional 14,105 shares in the last quarter. Invesco Ltd. increased its holdings in shares of 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 worth $6,335,000 after buying an additional 87,577 shares during the last quarter. Finally, Lido Advisors LLC raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 16.3% during the 3rd quarter. Lido Advisors LLC now owns 65,316 shares of the closed-end fund’s stock valued at $461,000 after buying an additional 9,155 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.