Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.96 and traded as low as $6.84. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.90, with a volume of 83,773 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 1.0%

The stock’s 50-day simple moving average is $6.90 and its 200 day simple moving average is $6.96.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be given a dividend of $0.0536 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 9.3%.

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

Several institutional investors have recently added to or reduced their stakes in EAD. Adapt Wealth Advisors LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth approximately $759,000. Luken Investment Analytics LLC lifted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 216.3% during the 2nd quarter. Luken Investment Analytics LLC now owns 132,968 shares of the closed-end fund’s stock valued at $939,000 after acquiring an additional 90,929 shares during the period. Invesco Ltd. boosted its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% during the second quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock worth $6,335,000 after acquiring an additional 87,577 shares in the last quarter. Readystate Asset Management LP bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth $452,000. Finally, Guggenheim Capital LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.1% in the second quarter. Guggenheim Capital LLC now owns 996,321 shares of the closed-end fund’s stock worth $7,034,000 after purchasing an additional 57,362 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.