Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.93 and traded as high as $6.96. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.92, with a volume of 173,016 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.4 %

The stock’s 50-day simple moving average is $6.93.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently declared a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0535 per share. This represents a dividend yield of 9%. The ex-dividend date is Thursday, March 13th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC grew its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.6% during the 4th quarter. Pathstone Holdings LLC now owns 1,504,521 shares of the closed-end fund’s stock worth $10,361,000 after buying an additional 225,391 shares in the last quarter. Bank of America Corp DE boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 88.8% during the fourth quarter. Bank of America Corp DE now owns 67,445 shares of the closed-end fund’s stock valued at $465,000 after purchasing an additional 31,729 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.3% during the fourth quarter. Ameriprise Financial Inc. now owns 69,691 shares of the closed-end fund’s stock valued at $480,000 after purchasing an additional 4,119 shares in the last quarter. Shaker Financial Services LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.2% during the fourth quarter. Shaker Financial Services LLC now owns 635,994 shares of the closed-end fund’s stock valued at $4,416,000 after purchasing an additional 13,753 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the fourth quarter. Guggenheim Capital LLC now owns 859,463 shares of the closed-end fund’s stock valued at $5,922,000 after purchasing an additional 165,118 shares in 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.