Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $7.15. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $7.10, with a volume of 246,248 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.3 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0525 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.63 dividend on an annualized basis and a yield of 8.87%.

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

Several institutional investors have recently added to or reduced their stakes in EAD. Thoroughbred Financial Services LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth $72,000. Choreo LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth about $150,000. Integrated Capital Management Inc. increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% in the second quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock valued at $210,000 after buying an additional 4,828 shares during the last quarter. Easterly Investment Partners LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% during the first quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock valued at $964,000 after buying an additional 14,712 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock worth $1,175,000 after buying an additional 2,536 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.