Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed 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 trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Down 0.3%

The company has a fifty day moving average price of $6.54 and a 200 day moving average price of $6.67.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a dividend of $0.0534 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Thursday, June 11th. 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

A number of hedge funds have recently added to or reduced their stakes in the stock. Peak Planning Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at approximately $8,062,000. Fiera Capital Corp lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 37.1% in the fourth quarter. Fiera Capital Corp now owns 172,817 shares of the closed-end fund’s stock worth $1,172,000 after purchasing an additional 46,790 shares during the period. Rothschild Wealth LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at approximately $90,000. Global Retirement Partners LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at $113,000. Finally, Luken Investment Analytics LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.6% during the fourth quarter. Luken Investment Analytics LLC now owns 141,478 shares of the closed-end fund’s stock worth $959,000 after acquiring an additional 2,244 shares during the period.

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.