Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $9.37. Allspring Multi-Sector Income Fund shares last traded at $9.37, with a volume of 101,608 shares traded.

Allspring Multi-Sector Income Fund Stock Up 0.3 %

Allspring Multi-Sector Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.0728 per share. This represents a $0.87 dividend on an annualized basis and a yield of 9.33%. The ex-dividend date is Thursday, February 13th.

Institutional Trading of Allspring Multi-Sector Income Fund

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Allspring Multi-Sector Income Fund in the 4th quarter valued at $107,000. Bank of America Corp DE grew its holdings in shares of Allspring Multi-Sector Income Fund by 13.2% in the 4th quarter. Bank of America Corp DE now owns 73,647 shares of the company’s stock valued at $677,000 after buying an additional 8,610 shares during the period. AQR Arbitrage LLC grew its holdings in shares of Allspring Multi-Sector Income Fund by 7.4% in the 4th quarter. AQR Arbitrage LLC now owns 151,085 shares of the company’s stock valued at $1,366,000 after buying an additional 10,423 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of Allspring Multi-Sector Income Fund by 132.4% in the 4th quarter. 1607 Capital Partners LLC now owns 783,438 shares of the company’s stock valued at $7,200,000 after buying an additional 446,338 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of Allspring Multi-Sector Income Fund by 48.3% in the 4th quarter. Guggenheim Capital LLC now owns 57,484 shares of the company’s stock valued at $528,000 after buying an additional 18,719 shares during the period.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.