Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $13.42. Wells Fargo Utilities and High Incm Fund shares last traded at $13.41, with a volume of 443 shares.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in Wells Fargo Utilities and High Incm Fund by 116.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,254 shares of the company’s stock valued at $119,000 after purchasing an additional 4,988 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Wells Fargo Utilities and High Incm Fund during the second quarter valued at approximately $140,000. Cetera Advisors LLC purchased a new stake in Wells Fargo Utilities and High Incm Fund during the second quarter valued at approximately $246,000. Invesco Ltd. increased its holdings in Wells Fargo Utilities and High Incm Fund by 4.0% during the second quarter. Invesco Ltd. now owns 35,011 shares of the company’s stock valued at $454,000 after buying an additional 1,354 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Wells Fargo Utilities and High Incm Fund by 0.9% during the second quarter. Morgan Stanley now owns 189,149 shares of the company’s stock valued at $2,453,000 after buying an additional 1,759 shares during the last quarter.

About Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH)

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised 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.

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