Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $9.88. Allspring Utilities and High Income Fund shares last traded at $9.74, with a volume of 21,116 shares.

Allspring Utilities and High Income Fund Stock Performance

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be paid a dividend of $0.062 per share. This represents a $0.74 annualized dividend and a yield of 7.63%. The ex-dividend date is Thursday, June 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. ORG Partners LLC bought a new position in shares of Allspring Utilities and High Income Fund in the first quarter valued at $86,000. Wolverine Asset Management LLC lifted its stake in shares of Allspring Utilities and High Income Fund by 254.5% in the third quarter. Wolverine Asset Management LLC now owns 9,422 shares of the company’s stock valued at $82,000 after buying an additional 6,764 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in shares of Allspring Utilities and High Income Fund in the first quarter valued at $94,000. Arlington Capital Management Inc. bought a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter valued at $147,000. Finally, Principal Securities Inc. bought a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter valued at $425,000.

Allspring Utilities and High Income Fund Company Profile

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.