Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Price Crosses Above 200 Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $9.47. Allspring Utilities and High Income Fund shares last traded at $9.44, with a volume of 32,276 shares trading hands.

Allspring Utilities and High Income Fund Trading Up 0.5 %

Allspring Utilities and High Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Tuesday, March 12th will be issued a $0.0635 dividend. This represents a $0.76 annualized dividend and a yield of 8.07%. The ex-dividend date is Monday, March 11th.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new stake in Allspring Utilities and High Income Fund in the second quarter worth about $25,000. ORG Partners LLC bought a new stake in Allspring Utilities and High Income Fund in the third quarter worth about $53,000. Wolverine Asset Management LLC raised its position in Allspring Utilities and High Income Fund by 254.5% in the third quarter. Wolverine Asset Management LLC now owns 9,422 shares of the company’s stock worth $82,000 after acquiring an additional 6,764 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Allspring Utilities and High Income Fund in the third quarter worth about $112,000. Finally, Susquehanna International Group LLP bought a new stake in Allspring Utilities and High Income Fund in the fourth quarter worth about $142,000.

About Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.