Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Cross Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $6.34. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.33, with a volume of 121,572 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.2 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be issued a dividend of $0.0517 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date is Thursday, April 11th. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EAD. Nomura Holdings Inc. acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter valued at $110,000. Envestnet Asset Management Inc. boosted its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 12.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 309,141 shares of the closed-end fund’s stock worth $2,016,000 after buying an additional 35,232 shares during the period. NBC Securities Inc. grew its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% in the fourth quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 3,800 shares during the last quarter. AQR Arbitrage LLC grew its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% in the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock valued at $2,920,000 after buying an additional 325,952 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.5% in the third quarter. LPL Financial LLC now owns 170,964 shares of the closed-end fund’s stock worth $1,043,000 after acquiring an additional 10,410 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.