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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.34. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.33, with a volume of 121,572 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.2 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 12th will be given a dividend of $0.0517 per share. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, April 11th. This represents a $0.62 annualized dividend and a dividend yield of 9.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EAD. Raymond James & Associates boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 49.3% during the first quarter. Raymond James & Associates now owns 27,614 shares of the closed-end fund’s stock valued at $218,000 after buying an additional 9,122 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.1% during the first quarter. Cetera Advisor Networks LLC now owns 46,122 shares of the closed-end fund’s stock valued at $364,000 after buying an additional 4,245 shares during the last quarter. West Michigan Advisors LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 20.0% during the first quarter. West Michigan Advisors LLC now owns 12,000 shares of the closed-end fund’s stock valued at $95,000 after buying an additional 2,000 shares during the last quarter. UBS Group AG boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 19.0% during the first quarter. UBS Group AG now owns 356,187 shares of the closed-end fund’s stock valued at $2,814,000 after buying an additional 56,911 shares during the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the first quarter valued at approximately $404,000.

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.