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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $6.64. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.61, with a volume of 182,809 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.62 annualized dividend and a yield of 9.42%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. increased its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% in the 4th quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 3,800 shares during the period. PFG Investments LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 1st quarter valued at approximately $351,000. Easterly Investment Partners LLC grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the first quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after acquiring an additional 14,712 shares in the last quarter. UBS Group AG raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock valued at $2,054,000 after purchasing an additional 11,807 shares in the last quarter. Finally, AQR Arbitrage LLC raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% during the third quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock valued at $2,920,000 after buying an additional 325,952 shares in the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.