Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Crosses Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $6.41. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.39, with a volume of 135,333 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.8 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be given a dividend of $0.0517 per share. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.62 annualized dividend and a yield of 9.64%. The ex-dividend date is Thursday, April 11th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% in the fourth quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 3,800 shares during the period. PFG Investments LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the first quarter worth about $351,000. Advisor Partners II LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $701,000. Wolverine Asset Management LLC grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 53.5% during the third quarter. Wolverine Asset Management LLC now owns 202,124 shares of the closed-end fund’s stock worth $1,233,000 after buying an additional 70,486 shares in the last quarter. Finally, UBS Group AG grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the third quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after buying an additional 11,807 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.