Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) crossed 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 $11.10. Allspring Utilities and High Income Fund shares last traded at $11.00, with a volume of 90,425 shares.

Allspring Utilities and High Income Fund Stock Down 1.0 %

Allspring Utilities and High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0626 dividend. This represents a $0.75 annualized dividend and a yield of 6.83%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of Allspring Utilities and High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Logan Stone Capital LLC bought a new stake in shares of Allspring Utilities and High Income Fund in the second quarter worth about $375,000. Cornerstone Advisors LLC grew its holdings in shares of Allspring Utilities and High Income Fund by 18.1% in the first quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock valued at $1,212,000 after purchasing an additional 19,708 shares in the last quarter. Robinson Capital Management LLC increased its position in Allspring Utilities and High Income Fund by 23.1% in the first quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock worth $523,000 after purchasing an additional 10,310 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Allspring Utilities and High Income Fund in the second quarter worth $92,000. Finally, ORG Partners LLC purchased a new stake in Allspring Utilities and High Income Fund during the first quarter valued at $86,000.

Allspring Utilities and High Income Fund Company Profile

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.