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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.67. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.64, with a volume of 118,264 shares trading hands.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be paid a dividend of $0.052 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 9.39%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. grew its position in 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 worth $47,000 after buying an additional 3,800 shares during the last quarter. UBS Group AG grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after purchasing an additional 11,807 shares in the last quarter. Easterly Investment Partners LLC grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% during the 1st quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after purchasing an additional 14,712 shares in the last quarter. PFG Investments LLC purchased a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter worth approximately $351,000. Finally, City of London Investment Management Co. Ltd. grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 13.7% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 539,918 shares of the closed-end fund’s stock worth $3,585,000 after purchasing an additional 65,000 shares in 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.