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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $11.03. Allspring Utilities and High Income Fund shares last traded at $10.97, with a volume of 35,887 shares trading hands.

Allspring Utilities and High Income Fund Price Performance

Allspring Utilities and High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.0621 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 6.79%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date is Friday, September 13th.

Institutional Trading of Allspring Utilities and High Income Fund

A number of large investors have recently made changes to their positions in ERH. ORG Partners LLC bought a new stake in Allspring Utilities and High Income Fund during the 1st quarter worth approximately $86,000. Sanctuary Advisors LLC acquired a new position in shares of Allspring Utilities and High Income Fund in the second quarter valued at approximately $92,000. Logan Stone Capital LLC bought a new stake in shares of Allspring Utilities and High Income Fund during the second quarter worth $375,000. Robinson Capital Management LLC increased its position in shares of Allspring Utilities and High Income Fund by 23.1% during the first quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock worth $523,000 after acquiring an additional 10,310 shares in the last quarter. Finally, Cornerstone Advisors LLC raised its holdings in shares of Allspring Utilities and High Income Fund by 78.3% during the fourth quarter. Cornerstone Advisors LLC now owns 108,647 shares of the company’s stock worth $1,001,000 after acquiring an additional 47,728 shares during the period.

About Allspring Utilities and High Income Fund

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.