Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Crosses Above 50-Day Moving Average of $0.00

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 $7.07. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $7.06, with a volume of 171,526 shares changing hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.2 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.0523 per share. This represents a $0.63 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Friday, September 13th. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. increased its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% in the fourth quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock worth $47,000 after buying an additional 3,800 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at approximately $72,000. Choreo LLC bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at approximately $150,000. Integrated Capital Management Inc. increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 31,766 shares of the closed-end fund’s stock worth $210,000 after acquiring an additional 4,828 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% during the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after acquiring an additional 14,712 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

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.