Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.00. Allspring Utilities and High Income Fund shares last traded at $10.91, with a volume of 12,153 shares.

Allspring Utilities and High Income Fund Trading Up 0.3 %

The company’s fifty day moving average is $10.99.

Allspring Utilities and High Income Fund Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0772 per share. This represents a dividend yield of 7.1%. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Several large investors have recently modified their holdings of the stock. Zimmer Partners LP purchased a new position in shares of Allspring Utilities and High Income Fund during the 4th quarter worth approximately $562,000. Saba Capital Management L.P. raised its stake in shares of Allspring Utilities and High Income Fund by 36.2% during the fourth quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock valued at $4,011,000 after purchasing an additional 99,408 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Allspring Utilities and High Income Fund during the fourth quarter valued at about $110,000. Level Four Advisory Services LLC raised its position in shares of Allspring Utilities and High Income Fund by 36.6% in the 4th quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock valued at $170,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Allspring Utilities and High Income Fund by 159.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock valued at $760,000 after acquiring an additional 43,571 shares during the last quarter.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.