Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.58 and traded as low as $6.38. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.41, with a volume of 143,979 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

The firm’s 50-day moving average price is $6.42 and its 200 day moving average price is $6.58.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.0533 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the 4th quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after buying an additional 311,355 shares in the last quarter. Peak Planning Group LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $8,062,000. Guggenheim Capital LLC raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,043,674 shares of the closed-end fund’s stock valued at $7,076,000 after buying an additional 62,895 shares during the period. Invesco Ltd. boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the fourth quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock worth $6,531,000 after purchasing an additional 11,827 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 16.4% during the 4th quarter. Shaker Financial Services LLC now owns 586,829 shares of the closed-end fund’s stock valued at $4,005,000 after acquiring an additional 82,826 shares in the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.