Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Share Price Passes Above 200 Day Moving Average – Here’s Why

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERHGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $10.79. Allspring Utilities and High Income Fund shares last traded at $10.79, with a volume of 27,833 shares.

Allspring Utilities and High Income Fund Stock Performance

The stock has a 50-day moving average of $10.94.

Allspring Utilities and High Income Fund Announces Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.0772 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 7.1%.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

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

Allspring Utilities and High Income Fund Company Profile

(Get Free Report)

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.

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