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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.82 and traded as high as $6.87. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.85, with a volume of 160,948 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.1%

The business has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $6.92.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EAD. Adapt Wealth Advisors LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $759,000. Fiera Capital Corp raised its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 12.6% in the 3rd quarter. Fiera Capital Corp now owns 126,027 shares of the closed-end fund’s stock valued at $883,000 after buying an additional 14,105 shares during the last quarter. Readystate Asset Management LP bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at approximately $452,000. Oppenheimer & Co. Inc. acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth approximately $101,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 19.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 66,343 shares of the closed-end fund’s stock worth $466,000 after acquiring an additional 10,964 shares in 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.