Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Allspring Utilities and High Income Fund Stock Performance

The company’s 50 day moving average is $10.99.

Allspring Utilities and High Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ERH. Integrated Wealth Concepts LLC bought a new position in Allspring Utilities and High Income Fund during the 4th quarter valued at $110,000. Level Four Advisory Services LLC raised its stake 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 worth $170,000 after buying an additional 4,252 shares in the last quarter. Zimmer Partners LP bought a new position in Allspring Utilities and High Income Fund during the fourth quarter valued at about $562,000. Blue Bell Private Wealth Management LLC grew its holdings in Allspring Utilities and High Income Fund by 159.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after acquiring an additional 43,571 shares during the period. Finally, Saba Capital Management L.P. raised its position in Allspring Utilities and High Income Fund by 36.2% in the fourth quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after acquiring an additional 99,408 shares in the last quarter.

About Allspring Utilities and High Income Fund

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.