Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.87 and traded as low as $6.55. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.55, with a volume of 134,262 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 1.4%

The company has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $6.86.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, March 12th.

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

Hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at approximately $32,000. CoreCap Advisors LLC grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the fourth quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock worth $43,000 after buying an additional 3,000 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at $67,000. Rothschild Wealth LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter valued at $90,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at $101,000.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.