Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Passes Above 200 Day Moving Average of $0.00

Shares of Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.87. Allspring Utilities and High Income Fund shares last traded at $8.81, with a volume of 21,275 shares.

Allspring Utilities and High Income Fund Trading Down 0.2 %

Allspring Utilities and High Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be issued a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a yield of 8.55%. The ex-dividend date is Thursday, April 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ERH. UBS Group AG boosted its holdings in shares of Allspring Utilities and High Income Fund by 19.2% in the 2nd quarter. UBS Group AG now owns 11,756 shares of the company’s stock valued at $142,000 after buying an additional 1,896 shares during the period. LPL Financial LLC acquired a new position in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at about $367,000. Captrust Financial Advisors acquired a new position in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at about $25,000. Commonwealth Equity Services LLC acquired a new position in shares of Allspring Utilities and High Income Fund in the 3rd quarter valued at about $112,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Allspring Utilities and High Income Fund by 9.0% in the 4th quarter. Cetera Advisors LLC now owns 24,200 shares of the company’s stock valued at $271,000 after buying an additional 2,000 shares during the period.

About Allspring Utilities and High Income Fund

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.