Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.82 and traded as high as $6.89. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.89, with a volume of 197,606 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.6%

The stock’s 50 day moving average is $6.82 and its 200 day moving average is $6.92.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EAD. Strategic Advocates LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $32,000. CoreCap Advisors LLC boosted its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% during the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after purchasing an additional 3,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter worth approximately $67,000. Oppenheimer & Co. Inc. bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter worth approximately $101,000. Finally, Global Retirement Partners LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter valued at approximately $113,000.

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.