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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EADGet Rating) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $6.80. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.71, with a volume of 99,872 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 13th will be given a dividend of $0.0568 per share. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.16%.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Bramshill Investments LLC grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 45.6% in the 2nd quarter. Bramshill Investments LLC now owns 2,945,961 shares of the closed-end fund’s stock valued at $19,119,000 after buying an additional 922,783 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 8.4% in the 1st quarter. Cohen & Steers Inc. now owns 1,593,976 shares of the closed-end fund’s stock valued at $12,592,000 after purchasing an additional 123,000 shares during the period. Penserra Capital Management LLC boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% in the 4th quarter. Penserra Capital Management LLC now owns 1,443,251 shares of the closed-end fund’s stock valued at $13,220,000 after purchasing an additional 20,017 shares during the period. Sit Investment Associates Inc. boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.7% in the 1st quarter. Sit Investment Associates Inc. now owns 1,281,075 shares of the closed-end fund’s stock valued at $10,120,000 after purchasing an additional 57,226 shares during the period. Finally, UBS Group AG boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% in the 2nd quarter. UBS Group AG now owns 358,239 shares of the closed-end fund’s stock valued at $2,325,000 after purchasing an additional 2,052 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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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.

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