Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Passes Above 200-Day Moving Average – What’s Next?

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) 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 $10.77. Allspring Utilities and High Income Fund shares last traded at $10.77, with a volume of 22,797 shares.

Allspring Utilities and High Income Fund Stock Performance

Allspring Utilities and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.0635 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.07%.

Institutional Trading of Allspring Utilities and High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at about $92,000. Logan Stone Capital LLC purchased a new position in shares of Allspring Utilities and High Income Fund in the second quarter valued at approximately $375,000. Robinson Capital Management LLC lifted its position in shares of Allspring Utilities and High Income Fund by 23.1% in the first quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock valued at $523,000 after acquiring an additional 10,310 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 157.1% in the third quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock worth $919,000 after acquiring an additional 50,307 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its position in shares of Allspring Utilities and High Income Fund by 18.1% during the first quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock worth $1,212,000 after purchasing an additional 19,708 shares in the last quarter.

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.