Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.54 and traded as low as $6.37. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.39, with a volume of 290,814 shares traded.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.3%

The company has a fifty day moving average of $6.54 and a two-hundred day moving average of $6.67.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a $0.0534 dividend. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

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

Hedge funds have recently added to or reduced their stakes in the business. Strategic Advocates LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at $32,000. CoreCap Advisors LLC boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 90.1% in the 4th quarter. CoreCap Advisors LLC now owns 6,330 shares of the closed-end fund’s stock valued at $43,000 after buying an additional 3,000 shares during the period. Rothschild Wealth LLC acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 4th quarter valued at about $90,000. Jane Street Group LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at about $116,000. Finally, Oppenheimer & Co. Inc. grew its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 14.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 16,457 shares of the closed-end fund’s stock valued at $112,000 after buying an additional 2,113 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.