Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s stock price 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 $11.00. Allspring Utilities and High Income Fund shares last traded at $10.91, with a volume of 12,153 shares traded.

Allspring Utilities and High Income Fund Price Performance

The firm has a fifty day moving average of $10.99.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0772 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 7.1%.

Institutional Trading of Allspring Utilities and High Income Fund

Several large investors have recently added to or reduced their stakes in ERH. Integrated Wealth Concepts LLC bought a new stake in shares of Allspring Utilities and High Income Fund during the fourth quarter worth $110,000. Level Four Advisory Services LLC grew its stake in shares of Allspring Utilities and High Income Fund by 36.6% during the fourth quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock worth $170,000 after purchasing an additional 4,252 shares during the period. Zimmer Partners LP acquired a new position in shares of Allspring Utilities and High Income Fund during the 4th quarter worth about $562,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Allspring Utilities and High Income Fund by 159.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock valued at $760,000 after acquiring an additional 43,571 shares during the last quarter. Finally, Saba Capital Management L.P. boosted its position in shares of Allspring Utilities and High Income Fund by 36.2% during the fourth quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after purchasing an additional 99,408 shares in the last quarter.

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.