Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Crosses Above 50-Day Moving Average – What’s Next?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.55 and traded as high as $6.58. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.57, with a volume of 83,098 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

The company’s 50-day simple moving average is $6.55 and its 200 day simple moving average is $6.72.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.0534 per share. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Thursday, June 11th. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

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

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.0% during the 1st quarter. Royal Bank of Canada now owns 72,166 shares of the closed-end fund’s stock worth $468,000 after purchasing an additional 2,116 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 399.9% during the 1st quarter. Cetera Investment Advisers now owns 77,372 shares of the closed-end fund’s stock worth $501,000 after purchasing an additional 61,894 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 4th quarter worth approximately $819,000. Sit Investment Associates Inc. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% during the 4th quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock worth $10,982,000 after purchasing an additional 311,355 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.2% during the 4th quarter. Invesco Ltd. now owns 963,243 shares of the closed-end fund’s stock worth $6,531,000 after purchasing an additional 11,827 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.