Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Share Price Crosses 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 Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $6.64. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.61, with a volume of 182,809 shares trading hands.

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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be paid a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date is Thursday, June 13th.

Hedge Funds Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in EAD. NBC Securities Inc. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during 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 period. UBS Group AG boosted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% in the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after buying an additional 11,807 shares during the last quarter. Easterly Investment Partners LLC grew its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 11.3% in the first quarter. Easterly Investment Partners LLC now owns 145,231 shares of the closed-end fund’s stock worth $964,000 after acquiring an additional 14,712 shares during the period. PFG Investments LLC bought a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 1st quarter valued at about $351,000. Finally, City of London Investment Management Co. Ltd. increased its position in shares of 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 valued at $3,585,000 after purchasing an additional 65,000 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.